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finals ss 4

bartering vs. money

QuestionAnswer
medium exchange people accept so they can use it for something else (f)
standard value comparative worth of an object or service when discussing price or the money it generates (f)
store value it can be recognized when you decide to keep instead of spending it (f)
generally acceptable everyone is willing to take money in exchange for goods or services (c)
easily counted and measured makes it easy to to establish prices, keep track of value, profits and losses (c)
durable money is not easily destroyed (c)
convenient easy to carry and use
easily controlled unlimited supply but there is just the right amount of control
cheap to produce paper and coins are very cheap to produce these days unlike in the past
value of currency officially recognized as the currency of the U.S.
Created by: fionn mclaughlin
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