Monetary and Fiscal Policy Test Review
Authored by STACY MCCARTHY
Other
12th Grade
Used 216+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is medium of exchange?
a means of payment
legal tender
gives value to object
M1
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is an example of representative money?
diamonds
checks
a $50 bill
a fur coat
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Comparing price tags at different stores is using money as a
store of value
bartering
medium of exchange
unit of account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a function of our money
buys stuff
holds value
gives value to objects
is in limited supply
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who makes sure bank customers do not lose their money if a bank fails
the FED
FDIC
President and Congress
SEC
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
roman coins are an example of which characteristic of money?
durability
uniformity
acceptability
divisibility
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Houston is in the ________ district
San Antonio
Dallas
Houston
El Paso
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