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1. What is money?

c) a medium of exchange

 

2. Why can money serve as a standard of value?

c) it determines the relative cost of goods and services

 

3. Is private production of money legal?

a) no

 

4. What is necessary in a barter economy?

a) double coincidence of wants

 

5. What is the essential condition for survival of token money?

b) restriction to the right to supply it

 

6. What is token money?

c) coins and banknotes

 

7. What is the distinctive feature of production of paper money?

c) tiny cost

 

8. What does money determine?

a) relative cost of different goods and services

 

9. How did people get goods in primitive societies?

b) they exchanged one thing for another

 

10. What was each person in a barter economy?

c) a seller and a buyer

Reznikova1075
I want to talk about beauty, Rapunzel. There is such a cartoon, " Rapunzel, complicated story". I love this movie and would like to tell about the main character. Rapunzel, this Princess. She was dressed in a pink dress and her Golden they are so long that they would be enough to wrap them around the Earth. She was imprisoned in the tower of evil woman who told her that she was her mother. Each year, her real parents, the king and Queen were launched in the sky a thousand fireballs. But in the end they found Rapunzel and they lived happily ever after...

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