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
1. You should stand up every time if your teacher comes to the class.
2. I can speak English and French, but I'm not good in Spanish.
3. Never swim in the cold water! It can make you ill.
4. do you want to go shopping️ with me?
5. I don't want help him today. I'm very tired.
6. I hate it when people ask me to choose between Mom and Dad.
7. He has just jumped from his sit, when he heard the good news
8. Did you know that not all of birds can fly?
9. Julia play chess well, but I think Mark plays better than she.
10. Pay attention to the instruction when you don't know how to use particular equipment.
11. His car was broken last night by the thieves.
12. Mom sayed if I will not do my homework I will not go to play computer games.
If Peter does not come to my place, I will watch TV.
If Frank’s parents have their holidays in summer, they will go to the seaside.
If they have their holidays in winter, they will stay at home.
If the fog thickens, Harold will put up the tent for the night.