MACROECONOMICS Reply Post
You will have 2 hrs to write a 2 paragraph reply to the students post below. NO PLAGIARISM.
First you will have the main post, then you will have the students reply. YOU NEED TO REPLY TO THE STUDENTS POST,
MAIN POST-
Of the three functions of money, which one do you feel is most important to you and why? Of the three functions which one do you feel is most important to the U.S. economy and why. Finally, of the three functions, which one do you feel is most important for the global economy and why?
Do you feel a barter system would work for you personally, for the U.S. economy, or for the global economy?
STUDENT POST- I feel the most important function of money is a medium of exchange. I think this is important for us because we are able to exchange that money for goods or services and makes economic activity very easy versus bartering your way to get something you want. For the U.S economy I think the measure of value, so then all goods have a certain value to it from food, houses, vehicles. And for global economy, I would say the store of value so money will always have its place for exchange whatever happens in the future.