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Money vs

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Questions and Answers

Which is classified as a primary function of money?

Deferred payment standard

Value transfer

Value storage

A mode of exchange (correct)

What is the oldest form of commerce?

Barter exchange (correct)

Trade exchange

Money exchange

Value exchange

What is a disadvantage of barter exchange?

Abundance of common value measures

Excessive desire for duplication

A lack of a standardised means of measuring value (correct)

Too much standardization

What does barter exchange lack as a store of value?

<p>Inadequate store of value</p> Signup and view all the answers

What is one of the secondary functions of money?

<p>Value transfer</p> Signup and view all the answers

Money vs

Choose a study mode

Podcast

Questions and Answers

Which is classified as a primary function of money?

What is the oldest form of commerce?

What is a disadvantage of barter exchange?

What does barter exchange lack as a store of value?

What is one of the secondary functions of money?

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