Money Quiz

Gold, livestock and salt are example of __________ money.

• commodity money

• fiat money

• representative money

A $20 bill, and other legal tender, is an example of _______ money.

• commodity money

• fiat money

• representative money

Checking price tags at different stores before purchasing a new Apple TV is using money primarily as a

• measure of value

• store of value

• unit of account

Saving money (savings accounts) is using money as a -

• measure of value

• store of value

• unit of account

Walmart has a gallon of milk for $3.65, HEB has it for $3.52, and Target for $3.59. This is an example of using money as a

• measure of value

• store of value

• unit of account

Ol Roman coins, and Modern Currency using cotton/linen blend are on example of which characteristic of money?

• Portibility

• Divisibility

• Durability

• Limited supply

Dollars and the ability to make change is an example of which example of which of money?

• Durability

• Portibility

• Divisibility

• Limited Supply

Medium of Exchange means you can use money as

• a savings account

• a means of payment

• a standard value

Bartering allows for economies to trade easily and grow at a faster rate than using money.

• True

• False

Money or currency is anything that is widely accepted as form of payment for goods and services or payment of debts.

• True

• False