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
"The little prince" is a beautiful and imaginative novel by Antoine de Saint-Exupery.
My mother is very friendly and easy to talk with.
You have to be sociable in order to get more friends.
My sister used to be such a hardworking person in school, that's why her grades were so high.
If only you could have been patient good things would have come to you.
Despite him being rude, she was very polite.
My mother is so smart, she literally knows everything!
To be honest, I never understood why this movie is so popular before watching it.
You have to be careful so you don’t get caught cheating.