Money & Barter, Currency, DC & CC

which of the following is NOT a function of money?

• medium of exchange

• standard of value

• store of value

• commodity money

store of value is

• the way money keeps most of its money over time

•   the way to exchange goods/services for money

• allows people to compare values of goods/services

•   government printed currency

medium of exchange is

• value comes from whatever it is made out of

• the way money keeps most of its money over time

• the way to exchange goods/services for money

• allows people to compare values of goods/services

standard of value

• allows people to compare values of goods/services

• the way money keeps most of its money over time

• the way to exchange goods/services for money

•  items that have no value on its own

fiat money is

•  items that have no value on its own

• value comes from whatever it is made out of

•  government printed currency

• money from the fiat car company

commodity money

• allows people to compare values of goods/services

• value comes from whatever it is made out of

•   government printed currency

• items that have no value on its own

representative money

• items that have no value on its own

• value comes from whatever it is made out of

• government printed currency

• the way to exchange goods/services for money

what is an example of commodity money?

• coins

• car title

• dollar bills

• gold

currency is

• trading one good for another

• 
  

  cash or coins
  

• plastic payment card connected to a CHECKING account

•  plastic payment card connected to a CREDIT account

barter is

•  plastic payment card connected to a CREDIT account

•  plastic payment card connected to a CHECKING account

• trading one good for another

•  cash or coins