Topic 5 Money

Topic 5 Money

9th - 12th Grade

40 Qs

quiz-placeholder

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Topic 5 Money

Topic 5 Money

Assessment

Quiz

History, Other

9th - 12th Grade

Medium

Created by

DEWITT JOHNSON

Used 19+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is NOT a characteristic of money?

Divisible

Portable

Scarce

Accessible

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which function of money encourages people to save money?

Medium of Exchange
Store of Value
Unit of Account
Acceptability

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that has value because the Government declared that it is money.

Fiat Money
Commodity Money
Currency
Coins

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that is valuable in itself besides being money (e.g. tobacco/salt)

Fiat Money

Commodity Money

Currency

Coins

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money must be easily divided into small parts so that people can purchase goods and  services at any price.

Divisibility
Uniformity
Acceptability
Durability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money must be able to withstand the wear and tear of many people using it.

Divisibility
Durability
Limited Supply
Acceptability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What can be used as money?

A widely available item.

Perishable food

It is anything widely accepted as payment for final goods and services, but has limited availability.

It is an item that has no value that can be exchanged.

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