10 Questions
Which one of the following is NOT a function of money?
Standard for deferred payment
What is one of the characteristics of money?
Acceptability
What is one of the problems with the barter system?
Lack of acceptability
Which one of the following is NOT a form of money?
Credit cards
What is one of the characteristics of good money?
Portability
Which one of the following is NOT a function of money?
Standard for deferred payment
Which one of the following is NOT a characteristic of money?
Acceptability
What is the main purpose of bartering?
To swap items without using money
Which one of the following is NOT a form of money?
Credit cards
What is the key problem with the barter system?
Lack of acceptance
Test your knowledge about money and banking with this quiz! Learn about the functions of money, including its role as a medium of exchange, unit of account, store of value, and standard for deferred payment. Challenge yourself and become a money expert!
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