history of money

Exchange of one good or service for another

• Barter
• Money 
• Swindling 
• Theft

Anything that is used as a medium of exchange, a unit of account, and a store of value?

• Fiat Money
• Currency
• Barter
• Money

Anything that is used to determine value in an exchange?

• Currency
• Store of value
• Medium of exchange
• Unit of account

Objects that have value in themselves as well as their value as a means of exchange are called?

• Currency
• Commodity money
• Simple money
• Customs

What is the gold standard?

• A system that uses actual gold coins as a country’s money
• A system in which the country’s money is backed with gold
• A currency system in which each dollar is worth 1/20th of a pound of gold
• A money system in which the paper currency is good in more than one country

Fractional reserve banking is?

• Device that allows it holder to buy goods based on a promise to pay
• Specific type of loan that is used to buy real estate
• System in which banks are split into smaller banks to allow people more access
• System that keeps only a small part of a deposit on hand and lends out the rest

What are the three functions of money?

• medium of exchange, store of value, unit of account
•  medium of exchange, store of value, provides barter
• store of value, medium of exchange, creates instability

Identify this coin

• Dime
• Quarter
• Nickel
• Penny

Identify this coin

• Nickel
• Penny
• Dime
• Quarter

What is the name of this coin?

• Dime
• Quarter
• Penny
• Nickel