Quiz

Question 6 (1 point) Holding money is: O nearly always the most convenient way to hold onto wealth over time. O almost never the most convenient way to hold onto wealth over time. O U sometimes the most convenient way to hold onto wealth over time. O rarely the most convenient way to hold onto wealth over time. Question 7 (1 point) We say that money is a medium of exchange because it represents: O a certain amount of purchasing power held over time. Ob something you can use to purchase goods and services. OC something you can directly offer, like any good or service, in exchange for some good or service you want. O d a standard unit of comparison. Question 8 (1 point) Bartering is: very efficient compared to using money. O b slightly inefficient compared to using money. O c just as efficient as using money. extremely inefficient compared to using money