1. Money is anything that is generally accepted as a means of exchange and at the same time __________

Question

Complete the following statements:

1. Money is anything that is generally accepted as a means of exchange and at the same time __________

2. Token coins are those whose face value __________

3. Cow, sheep, horse, etc. used as a means of exchange are __________

4. Money that is backed by law and cannot be refused in the transaction are called __________

5. Any two qualities of good money __________

6. Money used for purchases and transactions globally is __________

Answer 1

1. acts as a measure and store of value

2. is higher than their intrinsic value

3. commodity money

4. legal tender money

5. recognizability, divisibility

6. electronic money