Money Matters
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Questions and Answers

What is the benefit of money as a standard for exchange?

  • It creates a social hierarchy
  • It makes exchanges unfair
  • It eliminates the need for exchanges
  • It assigns an exact value to labor, services, and goods (correct)
  • What is the value of money?

  • Money is valuable because of its rarity
  • Money is valuable because of the design on it
  • Money has no value by itself (correct)
  • Money is valuable because of the material it is made of
  • What is the purpose of exchanging goods and services in a society?

  • To eliminate the need for exchanges
  • To work individually to improve the quality of society
  • To create a social hierarchy
  • To gain what they need and achieve their goals (correct)
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