Money

Name of money circulated around the time of the American Revolution.

• Euros
• Continentals
• Dollars

Unit of account for Mexico

• Euro
• Dollar
• Peso
• Yen

If a dollar bill is damaged, it will still be accepted as long as

• 10 percent remains intact.
• 25 percent remains intact.
• 51 percent remains intact.
• 75 percent remains intact.

Cash payments account for almost _______ percent of all transactions in the U.S.,

• 25 %
• 50 %
• 60 %
• 80 %

The average one-dollar note lasts _______ months in circulation;

• 6 months
• 56 months
• 156 months
• 560 months

Today, the largest denomination in circulation in the U.S. is the $_______bill.

• $ 100
• $ 1,000
• $ 10,000
• $ 100,000

During the free banking era (1836–62), ________ different currencies were in circulation.

• 500
• 8,000
• 15,000
• 30,000

Although U.S. currency has been redesigned many times since the creation of a national currency in ____________ , all notes printed since then are still redeemed at face value.

• 1702
• 1802
• 1862
• 1962

In the U.S.,  ________________  is responsible for ensuring that the supply of money is appropriate for fostering economic growth without causing inflation

• U. S. Mint
• fiat money system
• United States Bullion Depository
• the Federal Reserve System

Today, the USA uses what system of money?

• Representative Money
• Fiat Money
• Commodity Money
• Barter Money