AP Macro Unit 4 Vocab #1
Authored by Rebecca Campbell
Social Studies
12th Grade
Used 98+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Fiat Money
a flow of earnings per unit of time
performs the function of money but has no other value or uses
the total collection of assets
performs the function of money and has intrinsic value
anything that is generally accepted in payment for goods and services
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Commodity Money
a flow of earnings per unit of time
performs the function of money but has no other value or uses
the total collection of assets
performs the function of money and has intrinsic value
anything that is generally accepted in payment for goods and services
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Money
a flow of earnings per unit of time
performs the function of money but has no other value or uses
the total collection of assets
performs the function of money and has intrinsic value
anything that is generally accepted in payment for goods and services
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Income
a flow of earnings per unit of time
performs the function of money but has no other value or uses
the total collection of assets
performs the function of money and has intrinsic value
anything that is generally accepted in payment for goods and services
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Wealth
a flow of earnings per unit of time
performs the function of money but has no other value or uses
the total collection of assets
performs the function of money and has intrinsic value
anything that is generally accepted in payment for goods and services
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Double Coincidence of Wants
acts as a measurement of value
allows you to store purchasing power for the future
ease with which an asset can be accessed and used as a medium of exchange
used to buy goods and services with no complications of barter system
before trade can occur, each trader has to have something the other wants
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Liquidity
acts as a measurement of value
allows you to store purchasing power for the future
ease with which an asset can be accessed and used as a medium of exchange
used to buy goods and services with no complications of barter system
before trade can occur, each trader has to have something the other wants
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