a. What's bad about not having a store of value?

multiple choice 1

• You cannot save for a large purchase in the future.
• You have no place to buy values.
• Your values decline.
• Prices fall.

b. What's bad about not having a medium of exchange?

multiple choice 2

• Prices rise.
• Nobody knows what anything is worth.
• People are always exchanging too much or too little, never a medium amount.
• To trade, you must find someone who wants exactly what you have, and has exactly what you want.

c.What's bad about not having a unit of account?

multiple choice 3

• To trade, you must find someone who wants exactly what you have, and has exactly what you want.
• Accountants are unemployed.
• Nobody knows what anything is worth.
• Money can't be backed by gold.