Ch. 17 Money and Banking

The US government began printing paper money during the...

• War of 1812

• Civil War

• Spanish-American War

Before money we used....

• labor

• legal tender

• bartering

A medium of exchange is...

• a bottle of water

• the dollar

• a package of meat

A Standard of Value is easier to compare with currency.

• True

• False

A Store of Value involves...

• spending money when it's available

• putting money in the bank

• budgeting your monthly income

Gold has always been the standard of currency.

• True

• False

The most commonly used currency in the world is the...

• dollar

• euro

• yen

The earliest financial-services company was formed by the....

• Knights Templars

• Egyptians

• Greeks

Our money supply is....

• hard to disperse

• hard to regulate

• easy to control

Our money is valuable because of...

• it's worth

• the government

• both