Match each item to one of the following functions or characteristics of money described
a. Medium of Exchange
b. Measure of Value
c. Difficult to counterfeit
d. Stability
e. Store of Value
f. Durability
g. Acceptability
h. Portability
I. Divisibility
1. Mike forgot to empty his jeans’ pockets before doing laundry. Luckily, the $20 dollar bill came out of the wash still in one piece and able to be spent.
2. A $10 bill should purchase the same amount of goods and services from one day to the next.
3. In a trade or a transaction, this is the single item that can be freely converted to any other good upon agreement between parties.
4. Paper currency and coins are much easier to carry than grains of salt and much lighter than rocks.
5. Serves as a common standard or yardstick for valuing prices for goods, services, and even yearly earnings and purchases.
6. In order to keep making change for customer payments, the restaurant does not accept any currency larger than a $20 dollar bill.
7. Stacey saved $50 a week for 20 weeks in order to purchase a computer valued at $1,000.
8. Most important characteristic of money and is based on trust in the value of money.
9. Currency is usually made with multicolored paper, as well as enhanced features such as watermarks, security thread, and color-shifting ink.
Medium of Exchange