Money In Economy

What is the first function of money?

• medium of exchange

• measure of value

• standard of deferred payment

• store of value

It is used as a measurement unit for prices.

• products

• goods

• money

• coupon

It is happened when two people have different items that both want and are willing to exchange.

• medium of exchange

• double coincidence of wants

• measure of value

• function of money

How money functions of the money are there?

• 3

• 4

• 5

• 6

In the past, when people did not use money, how did they get the things they need?

• double coincidence of wants

• they don't have needs

• store of value

• people exchanged things

True or false.

Double coincidence of wants was needed to have an exchange.

• false

• true

True or False.

There are five key functions of money.

• false

• true

Sellers give up ______ to received money.

• money

• prices

• willingness

• good and services

Buyers give up _______ to received good and services.

• money

• prices

• willingness

• products

The prices of goods are indicated in terms of a _________ unit.

• amount

• monetary

• price tag

• value