Which function of money does this statement refer to? Money allows goods and services to be traded without the need for a barter system. Barter systems rely on there being a double coincidence of wants between the two people involved in an exchange.
Personal and Business Finance

Quiz
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Other
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12th Grade
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Medium
Lois Slater
Used 105+ times
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15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Unit of account
Means of Exchange
Store of value
Legal tender
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which function of money does this statement refer to? This can refer to any asset whose “value” can be used now or used in the future i.e. its value can be retrieved at a later date. This means that people can save now to fund spending at a later date.
Unit of account
Means of exchange
Legal tender
Store of value
3.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
The cost of borrowing money is known as what?
A life event
Culture
Inflation
Interest Rates
4.
FILL IN THE BLANK QUESTION
20 sec • 1 pt
Personal finances can be impacted by external influences such as the economy. The person may have no c........... over this.
5.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
What life stage does the following information indicate? •University / Early career
•More independent
•Buying cars, renting, buying homes
•Starting a family / getting married
Young adult
Childhood
Middle Age
Old Age
6.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
What life stage does the following information indicate?
•Fewer dependants
•Fewer financial needs
•May downsize
Childhood
Adolescence
Young Adult
Old Age
7.
FILL IN THE BLANK QUESTION
20 sec • 5 pts
A personal budget includes an individuals income and e............................
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