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Money & Exchange Rate

Authored by Traci Parks

Social Studies

9th - 12th Grade

Money & Exchange Rate
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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Which of the following is NOT one of the functions of money?

Medium of Exchange

Unit of Account

Price Stabilization

Store of Value

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A type of money that is backed by a material, such as gold, is referred to as

certificate money

representative money

fiat money

commodity money

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Last year, you sold your game system to your friend Jimmy for $125 in cash. You've been saving that money in a shoe box under your bed. You are saving the money to buy a new computer next year. What is the primary function of money exhibited here? 

Store of Value

Stable 

Unit of Account

Medium of Exchange

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A student records her income and spending for past month, she uses the function of money

Medium of exchange

Standard of deferred payments

Unit of account

Store of value

5.

MULTIPLE CHOICE QUESTION

1 min • 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

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money or other items generally accepted as payment for goods and services.

Measure of value

Medium of exchange

Scarcity

Store of Value

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money has what if it doesn't deteriorate when it is being handled?

Scarcity

Divisibility

Durability

Portability

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