
Money
Social Studies
12th Grade
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is money?
anything people commonly accept in exchange for goods and services
non perishable; can be saved and keep its value over time and even accumulate wealth
an item that has value of its own
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a medium of exchange?
must be accepted in exchange for goods and services
compare the value or worth of different items through prices
non perishable; can be saved and keep its value over time and even accumulate wealth
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is meant by the term "measure of value"?
must be accepted in exchange for goods and services
compare the value or worth of different items through prices
non perishable; can be saved and keep its value over time and even accumulate wealth
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "store of value" mean?
must be accepted in exchange for goods and services
compare the value or worth of different items through prices
non perishable; can be saved and keep its value over time and even accumulate wealth
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What word is used to describe the fact that money should be scarce to maintain its value over time?
Stability
Portability
Divisibility
Durability
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What word means that money must be able to be in your pocket and not be so heavy or bulky that you cannot carry it around?
Stability
Portability
Divisibility
Durability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which word in regards to money means that it must last, and for example not disintegrate if it is put in the washer?
Stability
Portability
Divisibility
Durability
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