Demonstrators protest at APEC summit

The video tutorial provides an introduction to financial concepts, focusing on the basics of money and custom financial terms. It aims to familiarize viewers with essential terminology and foundational ideas in finance.

What is the primary role of money in an economy?

• To replace barter systems entirely

• To be used only for savings

• To act as a decorative item

• To serve as a medium of exchange

Which of the following is NOT a function of money?

• Unit of account

• Source of entertainment

• Store of value

• Medium of exchange

How do custom roads influence financial systems?

• They facilitate better trade routes

• They increase transportation costs

• They have no impact on finance

• They are only used for tourism

What is a potential benefit of custom roads?

• They reduce the need for money

• They improve access to markets

• They limit economic growth

• They increase the cost of goods

Which statement best describes the relationship between money and custom roads?

• Custom roads are a form of currency

• Custom roads can enhance economic transactions

• Money and custom roads are unrelated

• Money is irrelevant to custom roads