Money
Authored by Jennifer Wray
Life Skills
10th Grade
Used 609+ times
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10 questions
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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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