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.

Answer 1

For the first question, the option that is NOT a function of money is: Currency exchange. Currency exchange is a service that facilitates the conversion of one currency into another but is not a primary function of money itself.

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. Money serves as a common medium that can be used to separate the act of buying from the act of selling, thus eliminating the need for a direct barter of goods.