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

Question

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.

Answer 1

For your first question, the option that is NOT a function of money is Currency exchange. While currency exchange is related to money, the primary functions of money are medium of exchange, store of value, and unit of account.

For the second question, the primary reason money is often preferred over bartering in transactions is It allows for the exchange of goods without needing a mutual desire. This means that with money, you do not need to find someone who has exactly what you want and who also wants what you have to offer.

Answer 2

a b c or d

Answer 3

Sure! Here are the responses formatted as options:

1. For the first question, the answer is:

   • A. Currency exchange (this is not a primary function of money).

2. For the second question, the answer is:

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

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