Economics Practice 7: Using Money for Trade Exercise

Economics Practice 7: Using Money for Trade

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Economics Practice 7: Using Money for Trade

Explore how money serves as a tool to facilitate trading for goods and services.

Questions

  1. MultiChoice

    What is money in economics?

  2. MultiChoice

    What primary function does money serve?

  3. WordsBox

    Money acts as a medium of ____ and makes trade ____

  4. MultiChoice

    What are coins and paper bills called collectively?

  5. MultiChoice

    Why is paper money better for trading than carrying heavy bags of grain?

  6. MultiChoice

    What gives paper money its value?

  7. WordsBox

    Coins and bills are forms of ____ used to ____ things.

  8. MultiChoice

    What is meant by a store of value?

  9. MultiChoice

    Which of these is NOT money?

  10. WordsBox

    You can save money in a ____ to use for future ____

  11. MultiChoice

    How does money solve the double coincidence of wants problem in barter?

  12. MultiChoice

    If you buy a pencil for 50 cents, what role did the 50 cents play?