Wise Practice Test (Money)

Wise Practice Test (Money)

9th - 12th Grade

10 Qs

quiz-placeholder

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Wise Practice Test (Money)

Wise Practice Test (Money)

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Medium

Created by

Karen Askin

Used 673+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following does the Federal Reserve use to regulate the nation's money supply?  

A.  Fiscal policy
B.  Proposing legislation
C.  Monetary policy
D.  Regulations

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Nora needed to make a long-distance call from a pay phone and did not have the cash.  She was able to make the call by using her:

A.  Credit card
B.  Identification card
C.  Cash card
D.  Traveler's check

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When money is not used and goods and services are exchanged for other goods and services, this system is called:

A.  Credit
B.  Money
C.  Barter
D.  Checks

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The denominations of coins in the United States are:

A.  $.01, $.05, $.10, $.25, $.50, and $1.00  
B.  $.01, $.30, $.50, and $5.00  
C.  $.05, $.10, $.50, $.75, and $10.00  
D.  Coins can be in any denomination a consumer desires      

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money for saving, investing, or spending cannot be from:

A.  An inheritance from someone who has died
B.  Discretionary income or a gift of money  
C.  Capital gains from a sale of stock
D.  Capital losses from the sale of stock  

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The common name for U.S. currency is:  

A.  Orange backs
B.  Blue backs
C.  Green backs
D.  Yellow backs

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A cash card generally:

A.  Can be used in the same way that someone uses a check to pay bills by mail
B.  Is purchased with a specific amount of money that can be used to pay for goods or services
C.  Is the same as a credit card which means you can use it to pay the minimum on a bill
D.  Is the same as a debit card and is always linked to a specific checking account

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