Lesson 30. What is Money?

Lesson 30. Task 6. Read the article “Currency: The kind of money matters”

Чтобы выполнить задание нужно авторизоваться и тогда появятся кнопки "Сохранить" и "Завершить задание".

http://www.economist.com/blogs/freeexchange/2012/03/currency

Sum it up using the questions as a plan:

1. Which currency is used in the US federal prison? When and under which circumstances did this economy evolve?

2. How profitable is the market of mackerel stand-in?

3. What makes mackerel a good currency? What other type of substitute money can be compared to” mackerel and why?

4. What is a non-convertible currency? What other types of such currency have been in circulation? Where?

5. Which features make Facebook Credit a bad store of value and a medium of exchange?

6. What has become a barrier to the development of Facebook Credit as a payments service?

7. Which changes should be undertaken to turn Facebook Credit into a competitor to PayPal?

8. Which mobile services have evolved and are able to outstrip Facebook Payments Service?

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