Money and the money supply 1

Which of the following is not a function of money?

• Medium of exchange

• Store of value

• Decoration

• Unit of account

The ability to express the value of goods and services in different amounts of a currency is money's function as...

• a medium of exchange

• a unit of account

• a store of value

The ability to produce value and then acquire goods and services at a later date is money's function as...

• a medium of exchange

• a unit of account

• a store of value

Good currencies are widely accepted by all in exchange for goods and services, eliminating a problem of barter. This enables money to act as...

• a medium of exchange

• a unit of account

• a store of value

Rai stones are considered a poor form of money because they were not:

• durable

• portable

• commonly accepted

• limited in supply

Bitcoin may not be considered good money because it is not

• commonly accepted

• portable

• limited in supply

• difficult to forge

Banknotes are made from linen weaves or polymers to make them

• durable

• hard to counterfeit

• divisible

• commonly accepted