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What are the three main functions of money in a society?
What are the three main functions of money in a society?
- Medium of exchange, trade, credit cards
- Store of value, barter system, virtual currency
- Barter system, paper money, electronic money
- Store of value, medium of exchange, unit of account (correct)
What was prevalent before the invention of money?
What was prevalent before the invention of money?
- Low valued metal coin
- Trade with initial coin made by precious metal
- Paper money
- Barter system (correct)
What is the evolution sequence of money mentioned in the text?
What is the evolution sequence of money mentioned in the text?
- Low valued metal coin, initial coin made by precious metal, barter system, virtual currency
- Paper money, electronic and plastic money, barter system, virtual currency
- Trade, barter system, credit cards, virtual currency
- Barter system, initial coin made by precious metal, low valued metal coin, paper money, electronic and plastic money, virtual currency (correct)
What technological development led to the evolution of money into electronic and plastic forms?
What technological development led to the evolution of money into electronic and plastic forms?
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Explain the barter system and its relation to the evolution of money mentioned in the text.
Explain the barter system and its relation to the evolution of money mentioned in the text.
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What are some examples of the various forms that money has taken throughout history?
What are some examples of the various forms that money has taken throughout history?
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How has technology influenced the evolution of money?
How has technology influenced the evolution of money?
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What are the three main functions of money in a society as mentioned in the text?
What are the three main functions of money in a society as mentioned in the text?
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