Which are functions of money? Select the three correct answers. (1 point) Responses store of value store of value producer of resources producer of resources unit of account unit of account medium of exchange medium of exchange record of finances record of finances unit of output
1. Medium of exchange
2. Unit of account
3. Store of value
What is the main advantage of using money instead of bartering? (1 point) Responses Things that people usually trade have very little value to anyone. Things that people usually trade have very little value to anyone. Not all countries use the same types of money in their economies. Not all countries use the same types of money in their economies. Money comes in many different values to pay for goods and services. Money comes in many different values to pay for goods and services. People do not have to have a good or a service that another person wants.
The main advantage of using money instead of bartering is that people do not have to have a good or service that another person wants.
Which of these events would most likely lead to a rise in interest rates for home mortgages? (1 point) Responses The prices of homes for sale in a certain city rise by a great deal. The prices of homes for sale in a certain city rise by a great deal. Many new lenders begin offering home mortgages. Many new lenders begin offering home mortgages. Home sales increase greatly for several months in a row. Home sales increase greatly for several months in a row. The average time needed to sell a house doubles.
The event that would most likely lead to a rise in interest rates for home mortgages is when the prices of homes for sale in a certain city rise by a great deal.
