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
i want to tell you about my school. i am a pupil of the ninth form. my school is big: it has four floors. on the ground floor there is a gym, a cfnteen, a medical room and a library. we usually have breakfast and lunch in the canteen.
our gym is very up-to-dateschool sport competions take place there. the school library is rather big