how does money differ from barter?
a. money is mostly important as a way to get goods and services.
b. money is used to exchange goods and services.
c. money has value only because people agree that it does.
d. money has been used for thousands for years.
which two types of money are commonly used in the united states today?
a. silver and gold.
b. coins and paper currency.
c. weighted and unweighted coins.
d. goods and services.
how is money used as a store of value
a. people use to money to buy productive resources to make goods and services .
b. people agree that money has value to purchase needed goods and services .
c. people compare the value of different goods and services by their cost in money.
d. people save money over time for future purchases of goods and services .
bryan needs a new backpack . he compares the prices of three different backpacks at a local store to find the best deal. which purpose of money is bryan demonstrating ?
a. unit of account .
b. store of value.
c. acceptance of payment .
d. medium of exchange.
inflation primarily differs from deflation in that
a. inflation tracks changing prices but deflation does not .
b. inflation relates to rising rather than falling prices .
c. inflation happens only when the money supply is too small .
d. inflation occurs much led often than deflation does.