Money

Money

12th Grade

14 Qs

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Money

Money

Assessment

Quiz

History

12th Grade

Medium

Created by

Kyle Cramer

Used 3+ times

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14 questions

Show all answers

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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