Finance Quiz 2

What are the three functions of money?

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

• Unit of Profit, Store of Denomination, Medium of Exchange

• Unit of Account, Store of Value, Medium of Change

• Unit of Profit, Store of Value, Medium of Change

People who are able to work, but do not have a job during a period of time are...

• unemployed

• the labor force

• labor force participation rate

• unemployment rate

the number of people who either have a job or are looking for work is called...

• unemployed

• the labor force

• labor force participation rate

• unemployment rate

An organization that is set up to help those in need but not to make a profit from the business is called a...

• non-profit

• bank

• only a credit union

• business

a means for comparing the values of goods and services

• unit of account

• medium of exchange

• store of value

• 3 functions of money

anything that is used to determine value during the exchange of goods and services

• unit of account

• medium of exchange

• store of value

• 3 functions of money

Ramen, goats, and coins are all examples of...

• unit of account

• medium of exchange

• store of value

• 3 functions of money

something that keeps its value if it is stored rather than used

• unit of account

• medium of exchange

• store of value

• 3 functions of money

a system of money in that is used in a particular country

• unit of account

• medium of exchange

• store of value

• currency

Protection buyers have upon purchasing a product or service

• consumer rights

• producer rights

• business rights

• organization rights