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Barter Economy Quiz

Of money's three functions, the one that distinguishes money from other assets is its function as a

If peanuts serve as a medium of exchange, a unit of account, and a store of value, then peanuts are

The conversion of a barter economy to one that uses money

Which of the following statements best explains how the use of money in an economy increases economic efficiency?

For a commodity to function effectively as money it must be

________ are the time and resources spent trying to exchange goods and services.

Compared to an economy that uses a medium of exchange, in a barter economy

Kevin purchasing concert tickets with his debit card is an example of the ________ function of money.

When money prices are used to facilitate comparisons of value, money is said to function as a

A problem with barter exchange when there are many goods is that in a barter system

Tagged as: barter economy, barter economy, money
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