Quiz: Exchange and Money as a Medium of Exchange
AQA A level economics 7136 specification
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Building on what you've learned about production and specialisation, let's test your knowledge of exchange and money as a medium of exchange!
What is the primary function of money as a medium of exchange?
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Which of the following are true about barter systems? (Select all that apply)
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In a barter system, the {{blank0}} of wants must occur for a trade to happen.
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Match the items on the left with their correct pairs on the right
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If £1 can buy 2 apples, how many apples can you buy with £5?
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Which of the following best describes money as a store of value?
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Money acts as a {{blank0}} to measure the value of goods and services.
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Match the items on the left with their correct pairs on the right
Match the items on the left with their correct pairs on the right
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