The evolution, functions and characteristics of money
Authored by Reham barany
Other
12th Grade
Used 49+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
the money type that had a value in itself in addition to serving as money
Commodity money
Fiat money
Barter money
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
which of the following was developed in coincidence with the banking
Commodity money
Specie
the first paper money
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
trees can't be used as money because they lack which of the money characteristics?
Limited in Supply
Durable
Portable
4.
MULTIPLE SELECT QUESTION
1 min • 1 pt
M2 contains only the forms of money that can be used as a store of value
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
the ability to use the money now or in the future represent the function of money as
Medium of exchange
Measure of value
Store of value
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
all buyers and sellers are accepting money to settle their transactions because money is acting as:
Medium of exchange
Measurement of value
Store of value
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
you can simply compare the values of different items by comparing their prices because money is acting as?
Medium of exchange
Measure of value
Store of value
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