Question

Help in two questions?
Mark washes his jeans and finds that the $20 bill that was in his pocket is in four pieces. He takes the four pieces to the bank and receives a nice crisp $20 bill. What function of money does this illustrate?

Measure of value

Medium of exchange

Divisibility

Store of value

Answer 1

#2 How are start-up costs related to natural monopolies?

High start-up costs prevent others from offering the same service in a natural monopoly.

Low start-up costs make it easy for companies to have a natural monopoly.

Natural monopolies are held by companies that cannot pay for start-up costs.

The government offers companies money for start-up costs to prevent natural monopolies.

Answer 2

@whpalmer4

Answer 3

I think the first one is medium of exchange. It isn't divisibility, because those pieces aren't individually usable as currency. It isn't measure of value, and it isn't store of value. But I'm not entirely happy with medium of exchange as an answer, either.

For #2, the first one appears to be the correct answer.