
Functions of Money - 1
Authored by Sujata Debnath
Other
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most important function of money?
Store of wealth
Medium of exchange
Deferred payments
Unit of production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What problem does money eliminate that was present in the barter system?
Overproduction
Price control
Double coincidence of wants
Inflation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is money considered a medium of exchange?
Because it increases demand
Because it is perishable
Because it facilitates all transactions
Because it is produced by banks
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is true?
Money can directly satisfy human wants
Money has intrinsic satisfaction value
Money is used only in barter systems
Money only buys goods and services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What allows purchases and sales to be conducted independently?
Financial institutions
Use of money
Division of labor
Barter exchange
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does money act as when expressing the value of goods and services?
Capital investment
Measure of value
Medium of barter
Inflation controller
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the United States, what is the unit of account?
Dollar
Euro
Pound
Yen
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