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
Writing application forms — Написание анкеты
1. Type the form or write your answers in CAPITAL LETTERS. – Печатайте или пишите ответы заглавными буквами.
2. Don’t translate foreign addresses. – Не переводите иностранные адреса.
3. Answer all the questions. — ответьте на все во Если вам не нужно писать ответ, напишите N / A (не применимо).
5. Be careful with your spelling. — Будьте внимательны с правописанием.
6. Always sign and date the form. – Всегда подписывайте и ставьте дату.
7. Give truthful information. — Дайте достоверную информацию.
Объяснение:
