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Money and Banking Test

Authored by Rosalba Jasso

Social Studies

12th Grade

Used 2+ times

Money and Banking Test
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The average coins life span is about how long?

5 years

10 years

15 years

25 years

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is NOT a characteristic of money? 

Divisible
Portable
Acceptable
Accessible

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the first economic system

Cash money exchange

Gold exchange

Barter System

Capitalism

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What characteristic of money the picture represents? 

Divisible
Acceptable
Portable
Stable 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is likely to happen to money in the future?

Physical currency will disappear and we will use digital cash.

Physical currency will stay the same and the internet will disappear.

physical currency will disappear and we will use cowrie shells.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What characteristic of money the picture represents? 

Scarce
Divisible
Stable
Durable 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between representative money and fiat money is that

representative money is worth more than fiat money.

fiat money is counted in coins; representative money is counted in paper dollars.

fiat money is more durable than representative money.

representative money is backed by silver or gold, ; fiat money is not.

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