Bonds & Stocks

Front

Why is money accepted in exchange for goods or services?

Back

Represents purchasing power and is an acceptable form of currency.

Front

What primarily gives money its value?

Back

Government endorsement and its acceptance in trade.

Front

What is described as the most basic of all financial assets in the context of banking and economics?

Back

Money

Front

Which of the following is NOT one of the three functions of money?
Medium of exchange,
Store of Value,
Unit of Account/Standard of Value,
Means of Production

Back

Means of Production

Front

What is described as a function of money where it can be saved and still hold its value over time?

Back

Store of value

Front

Which of the following is NOT an example of money being used as a store of value? Savings account, Stocks, Bonds, CDs

Back

Stocks

Front

What function of money is demonstrated by comparing the market values of different items such as watches?

Back

Unit of account

Front

Which of the following is NOT an example of using money as a unit of account?
Determining the price of a car
Comparing the cost of different brands of watches
Bartering goods without using currency
Evaluating the market value of clothing

Back

Bartering goods without using currency

Front

Which financial intermediary is known for having exclusive membership that leads to low interest saving?

Back

Credit Union

Front

What can happen if you do not pay back a Title Pawn Lender? Options: They will offer a renewal. They will increase the interest rate. They can take your collateral. They will forgive the debt.

Back

They can take your collateral.