Money Answers

Which statements describe characteristics of currency? Check all that apply.Currency exchange rates are constant and stay the same.Currencies can vary from nation to nation.Currencies are divisible and have denominations.Currencies cannot be exchanged for one another.The value of a nation’s currency can change, and this value is based on many factors.

Exchanging goods or services of equal value is called . replaces the need for bartering.Money allows us to exchange for goods and services.

Alice wants to cash in a silver certificate that was purchased by her grandmother many years ago. The certificate is considered .

Exchanging goods or services of equal value is called . replaces the need for bartering.Money allows us to exchange for goods and services.

Troy is using a modern United States $20 bill to purchase items at the grocery store. The money that Troy is using is .

Exchanging goods or services of equal value is called . replaces the need for bartering.Money allows us to exchange for goods and services.

Sky needs to replace the motor in the tractor that is used on her family farm. She exchanges gold coins for the services provided by the mechanic. The money that Sky is using is .