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The video tutorial introduces the concept of money, explaining its significance and usage in financial contexts. It aims to familiarize viewers with basic financial terminology and concepts.

What is the primary role of money in society?

• To create wealth

• To reduce poverty

• To increase inflation

• To facilitate trade

Which of the following is NOT a type of money?

• Barter

• Cryptocurrency

• Commodity money

• Fiat currency

How does fiat currency differ from commodity money?

• Fiat currency is used only in digital transactions

• Commodity money is not accepted by governments

• Commodity money has intrinsic value

• Fiat currency is backed by gold

What is one potential negative impact of money on society?

• It encourages saving

• It promotes economic stability

• It can lead to inequality

• It supports technological advancement

In what way can money positively influence individual lives?

• By increasing stress levels

• By limiting access to resources

• By providing financial security

• By causing economic downturns