Money-Budgeting-Banking

Money-Budgeting-Banking

12th Grade

51 Qs

quiz-placeholder

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Money-Budgeting-Banking

Money-Budgeting-Banking

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Scott Gilbert

Used 9+ times

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51 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a characteristic of money?

Divisibility

Portability

Durability

Responsibility

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Federal Reserve?

Agency responsible for international trade
Central credit union
Agency responsible for collecting taxes
Central bank of the U.S.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Currently, what is U.S. money backed by?

Frankincense
Gold
Silver
Trust that it is worth something

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is inflation?

A fall in the general level of prices
A rise in the general level of prices
A rise in the GDP

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During times of hyperinflation

people often adopt something other than the official currency to use as money

people hoard the official currency

the purchasing power of the currency increases rapidly

the money supply is decreasing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What function of money the picture represent? 

Medium of Exchange
Store of Value
Unit of Account
Acceptable 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What function of money the picture represents?

Medium of Exchange
Store of Value
Unit of Account
Durable 

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