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Question 1
Which of the following is NOT a function of money?(1 point)
Responses

Currency exchange
Currency exchange

Medium of exchange
Medium of exchange

Store of value
Store of value

Unit of account
Unit of account
Question 2
What is a primary reason money is often preferred over bartering in transactions?(1 point)
Responses

It allows for the exchange of goods without needing a mutual desire.
It allows for the exchange of goods without needing a mutual desire.

It requires both parties to have goods of equal value.
It requires both parties to have goods of equal value.

It complicates the trading process with negotiations.
It complicates the trading process with negotiations.

It limits the types of goods that can be exchanged.
It limits the types of goods that can be exchanged.
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1 answer

Question 1: Which of the following is NOT a function of money?

  • Currency exchange
  • Medium of exchange
  • Store of value
  • Unit of account

Answer: Currency exchange

Question 2: What is a primary reason money is often preferred over bartering in transactions?

  • It allows for the exchange of goods without needing a mutual desire.
  • It requires both parties to have goods of equal value.
  • It complicates the trading process with negotiations.
  • It limits the types of goods that can be exchanged.

Answer: It allows for the exchange of goods without needing a mutual desire.