6. All of the following statements regarding "barter" are true EXCEPT:

A. It is efficient in terms of resources used

B. Its widespread use is limited

C. It is an exchange system where goods trade for goods.

D. Since it requires you to find someone willing to trade, it can be time consuming

7. All of the following are physical attributes of money EXCEPT:

A. It is portable

B. It is backed by a store of gold

C. It is divisible

D. It is recognizable

8. A medium of exchange is a tool that:

A. Facilitates the exchange of one good for another

B. Is the unit in which prices are stated

C. Preserves purchasing power for the future

D. Allows us to push debt settlements into the future

9. When money functions as a means of communicating that your textbook costs $150, then it is performing as a:

A. Medium of exchange

B. Unit of account

C. Store of value

D. Standard of investment.

10. Which of the following is an example of money serving as a store of value?

A. Buying a hamburger

B. A $35 price tag

C. Savings account

D. Paying your friend for a ride in his car.

11. Poker chips meet the definition of money at a casino because the can be used as a medium of exchange. Do you agree with this statement? Explain your answer.

12. What are the two most interesting things that you learned when taking the cash quiz at the San Francisco Fed?