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Quiz 1.1.1 - The Functions of Money

Match the items for the following statement:
In order for money to be used to exchange for goods and services, it must possess these properties.

a. People cannot make it on their own.
b. Strong enough to resist tearing.
c. Broken into usable quantities or fractions.
d. Easy to carry.

1. It must be divisible
2. It must be portable
3. It must be durable
4. It must be difficult to counterfeit



Answer :

GinnyAnswer

Final answer:

Money serves as a medium of exchange, unit of account, and store of value with specific properties for effective use in exchanges.


Explanation:

Functions of Money

Money serves as a medium of exchange, a unit of account, and a store of value. In order for money to be effectively used for exchanges, it must possess certain properties such as being divisible, portable, and durable.


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