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Money

Authored by Jennifer Wray

Life Skills

10th Grade

Used 641+ times

Money
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a function of money?

Store of value

Unit of account

Medium of exchange

Exchange of debt

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The fact that a $10 bill received today will still be worth $10 100 years from now is an example of which function of money?

Store of value

Unit of account

Medium of exhange

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of money is valuable because it is made of something valuable.

Commodity money

Representative money

Fiat money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of money consists of a certificate or token that can be exchanged for an item of value.

Commodity money

Representative money

Fiat money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of money does not have any intrinsic value and does not represent an asset in a vault.

Commodity money

Representative money

Fiat money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of money is considered legal tender and gets its value from the people's faith in the government.

Commodity money

Representative money

Fiat money

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The fact that people will allow you to buy items with a $20 bill is an example of which characteristic of money.

Durability

Portability

Divisibility

Uniformity

Acceptability

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