The three important functions of money are _____.
A) medium of exchange,facilitation of trade,and unit of account
B) unit of account,facilitation of trade,and store of value
C) store of value,facilitation of trade,and double coincidence of wants
D) facilitation of trade,medium of exchange,and unit of account
E) medium of exchange,unit of account,and store of value
Correct Answer:
Verified
Q1: Exchange is necessary in an economy if:
A)output
Q2: The greater the degree of specialization in
Q3: Barter was more feasible in primitive societies
Q4: Which of the following statements is true
Q6: Identify the statement which is true of
Q7: Which of the following best illustrates the
Q8: Which of the following statements is true
Q9: Specialization of labor means that:
A)production requires a
Q10: The earliest type of exchange involved _.
A)coins
B)barter
C)commodity
Q11: The more specialized labor becomes,the:
A)less likely it
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents