Econ Chapter 10
11th - 12th Grade
•23 Qs
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Econ Chapter 10
Quiz
•
Social Studies
•
11th - 12th Grade
•
Practice Problem
•
Medium
Nate TeSlaa
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23 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that serves as a medium of Exchange, a unit of account, and a store of value
Money
Medium of Exchange
Unit of Account
Store of Value
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that is used to determine the value during the exchange of a good or service
Money
Medium of Exchange
Unit of Account
Store of Value
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Means of comparing the value of a good or service
Money
Medium of Exchange
Unit of Account
Store of Value
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something that keeps its value if stored rather than spent
Money
Medium of Exchange
Unit of Account
Store of Value
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Coins and paper bills used as money
Currency
Commodity Money
Representative Money
Fiat Money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Objects that have value in and of themselves and that are used as money.
Currency
Commodity Money
Representative Money
Fiat Money
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Objects that have value because the holder can exchange them for something else of value
Currency
Commodity Money
Representative Money
Fiat Money
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