Money Working For You - Ch 1-6 Review

A common measure of value used as a medium of exchange is 

• bartering
• commodities
• demad
• money

To provide or make available for use is called 

• bartering
• demand
• scarcity
• supply

Trading goods and services without the use of money is 

• bartering
• demand
• supply
• volume

A typical commodity would be food.

• true
• false

Creating a common currency encourages trading between countries. 

• True
• False

The purpose of the Euro was to create a separate currency for each member country.

• True
• False

The changing value of one currency relative to another is reflected in each country's 

• currency rate
• denomination value
• exchange rate
• mint act

Some U.S. coins have ridges cut into their edges called 

• edging
• minting
• reeding
• reserving

How many governors does the Federal Reserve Board have?

• 4
• 7
• 12
• 19

The U.S. is a member of the European Union.

• True
• False