MACROECONOMICS: MONEY AND MONETARY POLICY.

HI TUTOR, HELP TO ANSWER Q1 WITH CLEAR EXPLAINATIONS. THANK YOU

MONEY AND MONETARY POLICY Question 1 a) What is the main problem with a barter system? Briefly explain and give an appropriate example. b) State the function of money for each statement below and explain your answer. i) Before Ahmed buy a new car, he visits four local dealerships and collect information on the prices and features of the cars. ii) Ahmed has recently bought a new Samsung Galaxy Note Il mobile phone. iii) Ahmed keeps his money in the saving accounts, one of the banking facilities offered by Maybank. iv) Ahmed's mother loaned him RM1,800 for him to buy a brand new Samsung Galaxy Note IV mobile phone and promised to pay back his mother next month