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4 cards from this section. Quick, good the night before a test.
What is meant by 'medium of exchange'?
Think about how transactions happen without barter.
Define 'store of value'.
Consider how money allows for savings.
What is one key function of money?
Think of how money helps keep its value.
True or False: Money is only used as a medium of exchange.
Consider the various roles money plays.
Evaluate how the introduction of cryptocurrency might impact traditional functions of money.
Think about how digital forms of money change our interactions.
Discuss the effects of hyperinflation on money's function as a store of value.
Reflect on historical examples like Zimbabwe or Germany in the 1920s.
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