Unit 4 Review
Flashcard
•
Social Studies
•
10th Grade
•
Practice Problem
•
Hard
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26 questions
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1.
FLASHCARD QUESTION
Front
Which of the following is an example of a barter system? Trading apples for oranges, Paying with a credit card, Using paper money to buy goods, Depositing money in a bank
Back
Trading apples for oranges
2.
FLASHCARD QUESTION
Front
What is the primary function of the Federal Reserve?
Back
Regulating the nation’s money supply
3.
FLASHCARD QUESTION
Front
Which of the following is NOT a type of currency? Coins, Barter, Paper money, Digital currency
Back
Barter
4.
FLASHCARD QUESTION
Front
What is the gold standard?
Back
A system where currency is backed by gold
5.
FLASHCARD QUESTION
Front
Which of the following best describes free enterprise? Government controls all businesses, Individuals are free to own and operate businesses, Only banks can own businesses, All businesses are non-profit
Back
Individuals are free to own and operate businesses
6.
FLASHCARD QUESTION
Front
Property taxes are typically used to fund which of the following? Local government services, Federal Reserve operations, International trade, Gold mining
Back
Local government services
7.
FLASHCARD QUESTION
Front
items that value in themselves other than being used as a monetary unit
Back
Commodity Money
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