Functions and role of money

Functions and role of money

11th Grade

8 Qs

quiz-placeholder

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Functions and role of money

Functions and role of money

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Roshni Yasmin

Used 33+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Choose a source of money.

Buying products

Salary

Travelling

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Where do businesses get money from?

By selling products and services

Paying salary to employees

Buying raw materials

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does businesses use this money for?

Buying raw materials

Paying salary to employees

Paying bills for rent, water, electricity

All of the above

4.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Unit of account means money can be used to measure the value of things. True or False?

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is legal tender?

The legal companies in a country

The legal employees of a company

The currency of a country

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

People's attitude towards money depends on the following factors:

Life events

Culture

External factors like the economy of their country

All of the above

7.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

If a person borrow money from the bank, he must pay additional amounts of money to the bank. This is sometimes called _________.

8.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

____________ of a country means all the activities in a country that includes making, buying, selling and using products and services.