Functions and Properties of money
Authored by Goloshchapova Lana
Social Studies
11th Grade
Used 7+ times
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60 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A saving account in a bank represents the function of money:
Store of value
A medium of exchange
A standard for deferred payments
A measure of value
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Easily transferred from 1 person to another, to make the exchange of money for products easier.
Durability
Portability
Divisibility
Scarcity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money has what if it doesn't deteriorate when it is being handled?
Scarcity
Divisibility
Durability
Portability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money has what if it can be broken down into smaller units so it can be used as needed?
Divisibility
Portability
Scarcity
Durability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is money if it is available but only in a limited supply?
Portable
Durable
Divisible
Scarce
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money or other substance generally accepted as payment for goods and services.
Measure of value
Medium of exchange
Scarcity
Store of Value
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1 of the 3 functions of money that allows it to serve as a common denominator to measure value.
Measure of value
Store of value
Divisibility
Medium of exchange
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