5 Questions
Which is classified as a primary function of money?
A mode of exchange
What is the oldest form of commerce?
Barter exchange
What is a disadvantage of barter exchange?
A lack of a standardised means of measuring value
What does barter exchange lack as a store of value?
Inadequate store of value
What is one of the secondary functions of money?
Value transfer
Test your knowledge of money and barter exchange with this quiz! Explore the role of money in the economy and the concept of barter exchange. Learn about the advantages and disadvantages of using money versus bartering in trade.
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