Money and Banking Quiz
Authored by Nicole Small
Business, Other
9th - 12th Grade
Used 37+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
anything that is used to determine value during the exchange of goods and services
medium of exchange
commodity money
fiat money
unit of account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a means for comparing the values of goods and services
unit of account
store of value
liquidity
M1
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
something that keeps its value if it is stored rather than used
store of value
representative money
fiat money
unit of account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
objects that have value in themselves and that are also used as money
commodity money
representative money
fiat money
M2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
objects that have value because the holder can exchange them for something else of value
representative money
commodity money
fiat money
interest
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
money that has value because the government has ordered that it is an acceptable means to pay debts
fiat money
representative money
commodity money
principal
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
money that people can gain access to easily and immediately to pay for goods and services
M1
M2
interest
commodity money
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