
Money
Authored by Kyle Cramer
History
12th Grade
Used 3+ times

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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the functions of money?
Medium of exchange
Unit of account
Store of value
All of the above
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is meant by "money is a medium of exchange?"
Money is a social invention with which resource suppliers and producers can be paid and that can be used to buy items in the marketplace
Society uses monetary units as a yardstick for measuring the worth of a variety of goods, services, and resources.
Enables people to transfer purchasing power from the present to the future.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is meant by "money is a unit of account"?
Enables people to transfer purchasing power from the present to the future.
Society uses monetary units as a yardstick for measuring the worth of a variety of goods, services, and resources.
Money is a social invention with which resource suppliers and producers can be paid and that can be used to buy items in the marketplace.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is meant by "money is a store of value"?
Money is a social invention with which resource suppliers and producers can be paid and that can be used to buy items in the marketplace.
Society uses monetary units as a yardstick for measuring the worth of a variety of goods, services, and resources.
Enables people to transfer purchasing power from the present to the future.
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is M1? (select all that apply)
Currency in the hands of the public
All checkable deposits
Near-monies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who supplies coins and paper money?
Government and government agencies
Commercial banks and savings institutions
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who provides checkable deposits?
Government and government agencies
Commercial banks and savings institutions
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