Mediums of Exchange
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Questions and Answers

What is the primary function of mediums of exchange?

  • To represent ownership of assets
  • To serve as a store of value
  • To facilitate transactions (correct)
  • To act as a measurement of worth

    • Which of the following is an example of a medium of exchange?

  • An insurance policy
  • A bar of gold
  • A property deed
  • Currency (correct)

    • Which characteristic is essential for an effective medium of exchange?

  • It must be easily divisible (correct)
  • It must have a limited supply
  • It must be durable but rare
  • It must be highly volatile

    • Why is currency considered a good medium of exchange?

    <p>It has a standardized and accepted value</p> Signup and view all the answers

    What is not considered a medium of exchange?

    <p>Tangible assets like real estate</p> Signup and view all the answers

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