Money Quiz

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

• Commodity money

• Representative money

• Fiat money

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

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

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

Which is an example of a common form commodity money?

• gold
• cattle
• chicken
• corn

Money in the United States is which type of money?

• fiat money

• representative money

• commodity money

• speculative money

another word for money

• barter
• economics
• currency
• price

In Barter System ____________ were exchanged.

• commodities

• money

• people

Anyone who uses goods and services.

• producer
• consumer
• shopper
• buyer

Consumers’ desire for goods or services.

• supply
• scarcity
• demand
• interest