Answer The following Questions:

1. Describe what is money?

2. Explain briefly the significant of money in the economy of a county?

3. Briefly describe each of the four main functions of money.

4. Describe the history of money in the philippines

5. Explain briefly how money facilitates the flow of resources in macroeconomy.

6. Enumerate and describe the resources of demand money

7. When is an asset suitable to use as a medium of exchange

8. Why are economists and policy makers interested in measuring money?

9. A student makes the following assertions:

"It is not possible for the total value of production to increase unless the money supply also increases. After all, how can the value of the goods and services being bought and sold increase unless there is more money available." Explain whether you agree with this assertion.

10. Why don't banks like inflation?