Barter System & Functions of Money

Barter System & Functions of Money

7th - 11th Grade

11 Qs

quiz-placeholder

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Barter System & Functions of Money

Barter System & Functions of Money

Assessment

Quiz

Business

7th - 11th Grade

Medium

Created by

Khadine Sterling

Used 754+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Easily transferred from one person to another, to make the exchange of money for goods/services easier

Durability

Divisibility

Portability

Scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money has what if it doesn't deteriorate when it is being handled?

Scarcity

Divisibility

Durability

Portability

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money has what if it can be broken down into smaller units so it can be used as needed?

Divisibility

Portability

Scarcity

Durability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is money if it is available but only in a limited supply?

Portable

Durable

Divisible

Scarce

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money or other items generally accepted as payment for goods and services.

Measure of value

Medium of exchange

Scarcity

Store of Value

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This can be used in place of money.

Fiat money

Cash

National currency

Trading or bartering

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What are the functions of money?

Unit of account

Store of Value

Medium of Exchange

Store of Bank Notes

Measure of Value

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