Flashcard on Money

Front

Which of the following is a natural item that has been used as money? Paper, Salt, Plastic, Glass

Back

Salt

Front

Which of the following is a historical form of money? Digital currency, Seashells, Credit cards, Bank checks

Back

Seashells

Front

Which property of money ensures that it should last over time?

Back

Durability

Front

Which property of money is demonstrated by the ability to divide a dollar into quarters?

Back

Divisibility

Front

Which of the following is a property of money that ensures it retains its value over time? Scarcity, Acceptability, Stability of Value, Durability

Back

Stability of Value

Front

Which type of money is most dependent on the trust of the citizens? Commodity Money, Representative Money, Fiat Money, Digital Money

Back

Fiat Money