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Questions and Answers
Which one of the following is NOT a function of money?
Which one of the following is NOT a function of money?
- Standard for deferred payment (correct)
- Store of value
- Unit of account
- Medium of exchange
What is one of the characteristics of money?
What is one of the characteristics of money?
- Flexibility
- Invisibility
- Scarcity
- Acceptability (correct)
What is one of the problems with the barter system?
What is one of the problems with the barter system?
- Lack of durability
- Lack of divisibility
- Lack of acceptability (correct)
- Lack of scarcity
Which one of the following is NOT a form of money?
Which one of the following is NOT a form of money?
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What is one of the characteristics of good money?
What is one of the characteristics of good money?
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Which one of the following is NOT a function of money?
Which one of the following is NOT a function of money?
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Which one of the following is NOT a characteristic of money?
Which one of the following is NOT a characteristic of money?
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What is the main purpose of bartering?
What is the main purpose of bartering?
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Which one of the following is NOT a form of money?
Which one of the following is NOT a form of money?
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What is the key problem with the barter system?
What is the key problem with the barter system?
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