Ch 9 Review

What function of money the picture represent? 

• Medium of Exchange
• Store of Value
• Unit of Account
• Acceptable 

What function of money the picture represents?

• Medium of Exchange
• Store of Value
• Unit of Account
• Durable 

What function of money the picture represents? 

• Medium of Exchange
• Store of Value
• Unit of Account
• Stable 

At the grocery store last week, you purchased $94.25 worth of groceries. You paid for the groceries in cash. You gave the cashier four $20 bills, a $10 bill, three $1 bills, and a quarter. What is the primary function of money exhibited here? 

• Medium of Exchange
• Store of Value
• Unit of Account
• Acceptable 

At the grocery store last week, you had to decide whether to buy the 14.5 oz can of diced tomatoes for $1.75 or the 28 oz. can of diced tomatoes for $2.44. What is the primary function of money exhibited here? 

• Medium of Exchange
• Store of Value
• Unit of Account
• Divisible 

What is NOT a characteristic of money? 

• Divisible
• Portable
• Acceptable
• Accessible

What characteristic of money the picture represents? 

• Divisible
• Acceptable
• Portable
• Stable 

What characteristic of money the picture represents? 

• Acceptable
• Scarce
• Durable
• Stable 

What characteristic of money the picture represents? 

• Scarce
• Divisible
• Stable
• Durable 

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

• Commodity money

• Representative money

• Fiat money