money and banking

What is used to measure inflation?

• a ruler

• CPI Consumer Price Index

• a scale

What is happening here?

• Bartering
• Cooking
• Flirting
• Machismo

What type of money would this be?

• Commodity

• Fiat

• Representitive

• Gold

The loan a bank gives you to purchase a house is called a...

• Mortgage

• Default Loan

• Equity Loan

• Building Loan

Which is not a Characteristic of Money?

• Durability

• Portability

• Divisibility

• Invincibility

Money is a generally acceptable medium of

Any good use as money must be hard wearing. This characteristics is called

The centre of the banking systems in most economies is the

When people or groups purchase items with the thought that the value will increase, items like oil or gold, what type of value is this describing?

• speculative value

• intrinsic value

• subjective value

• objective value

Which of these are functions of money?

• medium of exchange that allows the trade of goods and services

• holds value over time

• standard of value that allows comparison of the value of goods related to one another

• used as the only means of trade between nations