Identify is the statement is True or False

1. One of the functions of money is to measure the value of goods and services

2. Money enables goods and services to be transferred from person to another

3. Barter system was the last stage of monetary development

4. Long before the coming of Spaniards in 1521, the Philippines was already having trade relations with nearby countries.

5. Money is used as a yardstick in the pricing of things.