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WorksheetsBarter and the Role of Money
Total questions: 10
Worksheet time: 8mins
What is one(1) disadvantage of barter?
Explain why divisibility of goods was a disadvantge of the barter system
Which is an example of 'token money'
Dollars notes
Gold
Shells
Monoploy money
The feature of money which states it must be identical in look, size and weight is called...
acceptable
homogenous
portable
divisible
Which of the following is NOT a function of money?
Medium of exchange
A standard for posponed payment
Measure of value
A standard of viability
Mya told her brother Dave that money must be able to pass form hand to hand without being easily destroyed. Mya is describing which feature of money?
Portability
Divisibility
Durability
Acceptability
Name one(1) instrument of exchange
Define the term 'barter'
Barter is an instrument of exchange
Barter is the exchange of goods and services with the use of money
Barter is the exchange of one thing for another without the use of money
Barter is a rate of exchange
Which is an example of 'store of value'
Purchasing items with token money
Borrowing money from a friend
Exchanging money foor goods and services
Saving money in a bank for future use
Barter is possible when a ___________occurs
Divisibility of goods
Double coincidence of wants
Storage of wealth
Double coincidence of goods
