

Functions of Money
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Medium
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15 questions
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1.
FLASHCARD QUESTION
Front
Daniel wants to save his money in a way that it can be retrieved in the future without losing value. What function of money is he relying on?
Back
Store of value
2.
FLASHCARD QUESTION
Front
Money is used as a ________ to facilitate the transaction between William and Aiden.
Back
Medium of exchange
3.
FLASHCARD QUESTION
Front
David wants to lend money to Noah for a project. Which function of money is essential for it to be used in lending and borrowing?
Back
Standard of deferred payment.
4.
FLASHCARD QUESTION
Front
Rohan is comparing the prices of different gadgets. Money as a ________ helps him in measuring and comparing the value of these goods.
Back
Unit of account
5.
FLASHCARD QUESTION
Front
Harper is learning about the functions of money in her economics class. Which of the following is NOT a function of money? Medium of exchange, Store of value, Unit of account, Production of goods.
Back
Production of goods.
6.
FLASHCARD QUESTION
Front
David is comparing prices of different products in a store. Which function of money allows it to be used as a measure of economic value?
Back
Unit of account
7.
FLASHCARD QUESTION
Front
Henry borrowed money from Nora to buy a car. What is the function of money that allows it to be used in settling this debt?
Back
Standard of deferred payment
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