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1.1 - 1.2 - Development of Barter and the Role of Money

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✅EvaluateQuestion 1 of 21

Barter is best described as:

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✅EvaluateQuestion 2 of 21

Which term describes the need for both traders to want each other’s goods at the same time?

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✅EvaluateQuestion 3 of 21

Money is mainly useful because it is:

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✅EvaluateQuestion 4 of 21

Which is a function of money?

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✅EvaluateQuestion 5 of 21

The function of money that allows us to set prices is:

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✅EvaluateQuestion 6 of 21

A key advantage of barter is that it can:

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✅EvaluateQuestion 7 of 21

Which characteristic of money means it can be split into smaller units?

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✅EvaluateQuestion 8 of 21

A problem with barter is that there is no common measure of value. This makes it difficult to:

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✅EvaluateQuestion 9 of 21

Which function of money supports buying now and paying next month?

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✅Evaluate

A fisherman wants rice and offers fish. The rice seller wants soap, not fish. What problem is shown?

✅EvaluateQuestion 11 of 21

Which characteristic of money helps it keep value by preventing ‘too much’ from being created?

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✅EvaluateQuestion 12 of 21

A student saves $50 weekly for a school trip. Which function of money is shown?

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✅EvaluateQuestion 13 of 21

A vendor cannot split a goat to trade for a small bag of rice. Which disadvantage of barter is shown?

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✅EvaluateQuestion 14 of 21

Which set contains ONLY characteristics of good money?

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✅EvaluateQuestion 15 of 21

A small business trades web design for bookkeeping services. Which statement is MOST accurate?

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✅EvaluateQuestion 16 of 21

A shop lists prices in dollars and customers pay using a card. Which TWO functions of money are shown?

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✅EvaluateQuestion 17 of 21

If 5 breadfruits are exchanged for 2 bags of flour, how many bags of flour equal 15 breadfruits?

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✅EvaluateQuestion 18 of 21

Which best explains why money encourages specialization?

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✅EvaluateQuestion 19 of 21

A country experiences many fake notes in circulation. Which characteristic of money is being threatened?

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✅EvaluateQuestion 20 of 21

A trader says, ‘Barter is better because it avoids prices.’ Which analysis is strongest?

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✅EvaluateQuestion 21 of 21

A business sells on credit using an invoice due in 30 days. Which function of money makes this workable?

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✅EvaluateQuestion 1 of 21

Barter is best described as:

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