CLEAN: FARC hostage release begins in Colombia

The video tutorial provides a brief introduction to basic financial concepts, focusing on the importance of managing money effectively.

What does the term 'back' typically refer to in a financial context?

• A financial institution

• A type of loan

• Support or endorsement

• A savings account

In financial terms, what does 'backing' usually imply?

• A financial penalty

• Support or guarantee

• A type of investment

• A form of currency

Which of the following is a primary function of money?

• To function as a form of entertainment

• To serve as a decorative item

• To act as a medium of exchange

• To be used as a tool for construction

Which of the following is NOT a characteristic of money?

• Invisibility

• Divisibility

• Portability

• Durability

What role does money play in economic transactions?

• It complicates trade

• It is irrelevant

• It acts as a barrier

• It simplifies exchange