Join the Dojo for Unlimited Access
Ultimate Flashcard Review
Video
Definition, Measurement, and Functions of Money
Key Concepts to Understand
Question 1 of 4
When a clothing store puts a price tag of $25 on a shirt, it is using money primarily as a:
store of value.
medium of exchange.
unit of account.
form of barter.
Practice Questions: Test Your Understanding
Apply what you've learned with these practice questions. These questions test your understanding of the key concepts.
Question 1 of 3
When you use cash to buy groceries, money is primarily functioning as a:
Store of value
Unit of account
Medium of exchange
Standard of deferred payment
Financial asset
Key Takeaways
- 📊Master the fundamentals: Understanding these core concepts is essential for success in AP Economics.
- ✅Practice makes perfect: Use the interactive exercises and practice questions to reinforce your understanding.