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The Money and Banking Quiz

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Questions and Answers

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?

Flexibility

Invisibility

Scarcity

Acceptability (correct)

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?

Credit cards Signup and view all the answers

What is one of the characteristics of good money?

Portability Signup and view all the answers

Which one of the following is NOT a function of money?

Standard for deferred payment Signup and view all the answers

Which one of the following is NOT a characteristic of money?

Acceptability Signup and view all the answers

What is the main purpose of bartering?

To swap items without using money Signup and view all the answers

Which one of the following is NOT a form of money?

Credit cards Signup and view all the answers

What is the key problem with the barter system?

Lack of acceptance Signup and view all the answers

The Money and Banking Quiz

Choose a study mode

Podcast

Questions and Answers

Which one of the following is NOT a function of money?

What is one of the characteristics of money?

What is one of the problems with the barter system?

Which one of the following is NOT a form of money?

What is one of the characteristics of good money?

Which one of the following is NOT a function of money?

Which one of the following is NOT a characteristic of money?

What is the main purpose of bartering?

Which one of the following is NOT a form of money?

What is the key problem with the barter system?

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