Pre-assessment-Banking

__________ refers to any commodity that can be used as a medium of exchange.

• coins

• notes

• money

• cheque

Which of the following is NOT a function of money?

• Store of value

• Medium of exchange

• Unit of account

• Producer of goods

__________ is the act of swapping items in exchange for other items.

• Bartering

• Swapping

• Exchanging

• Supplying

What does the term "liquidity" refer to in the context of money?

• The ability to convert assets into cash quickly

• The total amount of money in circulation

• The interest rate on loans

The key problem in barter system is _____________

• Divisibility

• double coincidence of wants

• portability