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Questions and Answers
Which of the following is the correct definition of money?
Which of the following is the correct definition of money?
- A specific currency issued by a government
- Physical goods that are used as a medium of exchange
- A barter system where goods are exchanged for other goods
- Anything that is widely accepted as a means of payment (correct)
What was considered as money in ancient times?
What was considered as money in ancient times?
- Physical goods like eggs and chicken meat (correct)
- Gold and silver coins
- Precious gems
- Paper money
Which of the following is NOT true about money?
Which of the following is NOT true about money?
- People can choose what they want to use as money
- Money is a medium of exchange
- Money is always in the form of physical currency (correct)
- Money is widely accepted as a means of payment
Which of the following is a correct statement about money?
Which of the following is a correct statement about money?
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What was used as money in ancient times according to the text?
What was used as money in ancient times according to the text?
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Which of the following is a common misunderstanding about money?
Which of the following is a common misunderstanding about money?
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