Descriptive Text (money)

What are the three main functions of money mentioned in the text?

• Medium of exchange, store of value, unit of account

• Investment, savings, spending

• Barter, trade, exchange

What are the different forms of money described in the text?

• Physical coins, paper bills, digital currencies, electronic transactions

• Gold, silver, barter

• Stocks, bonds, real estate

How has money evolved throughout history?

• From barter systems to precious metals to modern financial systems

• From coins to paper to digital

• From cash to credit

What determines the value of money?

• Trust and acceptance by the people who use it

• The material it is made from

• Government regulations

Who regulates currencies to maintain economic stability?

• Governments and central banks

• Private banks

• International organizations

Why do individuals and businesses rely on money?

• To buy goods, pay for services, and invest in the future

• To save for retirement

• To trade for services

What symbolic meanings does money hold beyond its practical uses?

• Power, security, and opportunity

• Wealth and status

• Freedom and independence

What problem does the text mention regarding the distribution of money?

• It is often distributed unequally, leading to financial disparities

• It is too concentrated in the hands of a few

• It is not accessible to everyone

What are some concerns about money mentioned in the text?

• Greed, materialism, and economic inequality

• Inflation and deflation

• Debt and bankruptcy

How is money changing in the digital age?

• Becoming increasingly cashless with electronic payments and cryptocurrencies

• Returning to physical cash

• Becoming more regulated