St Gaudens Gold Coins

Question by : 5 Economic Questions?
1.Which statement shows that money is a “measure of value?”
This bill is worth twenty dollars.
My mp3 player is worth two hundred dollars.
I only paid ten dollars for it!
The more gigabytes it has, the more it is worth.

2.Which statement shows that money is a “store of value?”
I exchanged my dollar for ten dimes.
You can only use currency at that store.
I used the ten dollars given to me last year.
I carried the money to the store.

3.What is the difference between money and currency?
There is no difference; they are the same thing.
Money is a type of currency.
Money is coins and currency is paper bills.
Currency is one type of money.

4.People desire more currency because it
represents gold stored by the government.
has expensive production methods.
is not easy to copy.
is accepted as payment for goods and services.

5.Money exists because it
honors our national history.
makes exchange easier.
is preferable to credit cards.
gives elected officials economic control.

Best answer:

Answer by Enrico Russo
1: I only paid ten dollars for it!

2: I used the ten dollars given to me last year.

3: Currency is one type of money.

4: Is accepted as payment for goods and services.

5: Makes exchange easier.

What do you think? Answer below!