Anything of value that is accepted in return for good or services is ____.

PBMF- Chapter 15 Review

Quiz
•
Other
•
9th - 11th Grade
•
Medium
Used 8+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
products
credit
money
cash
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ____ is type of financial investment issued by a corporation, government, or other organization
loan
security
banknote
financial exchange
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As a function of money, ____ means that money is a common measure of the worth or price of a good or service
banknote
store of value
monetary system
unit of value
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As a property of money, ____ means that money must maintain its value over time in order to be widely accepted
stable
portable
durable
recognized
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of transferring money from one individual or organization to another is ____.
monetary policy
medium of exchange
financial exchange
financial services
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any organization that provides services related to money is a ____.
corporation
business
store
financial institution
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A nonprofit financial institution that is privately owned and provides banking services for its members is called a ____.
trust department
credit union
insurance agency
bank
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