3/28 Econ EC

3/28 Econ EC

12th Grade

10 Qs

quiz-placeholder

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3/28 Econ EC

3/28 Econ EC

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Kimberly A Van Horn

Used 1+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a good synonym for the word barter in the term barter economy?

trade

fiat

specie

monetary

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a basic characteristic of money?

portability

durability

divisibility

all of these are correct

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gold Standard

basic unit of currency is equivalent to a specific amount of gold

A set of criteria used to measure the quality of a product or service

A type of investment that is considered to be of the highest quality

A rating system used to evaluate the performance of a company

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Federal Deposit Insurance Corporation (FDIC)

A private banking institution that provides financial services

A type of loan offered by banks

the U.S. government institution that provides insurance on deposits

A type of insurance policy offered by banks

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You can easily carry money in a pocket or purse. This reflects what characteristic of money?

legal tender

limited supply

portability

durabity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following can COST you money in large interest payments?

debit card

credit card

checking account

savings account

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best explanation for why saving money helps promote economic growth?

people earn interest on the money they save

saving helps ensure that companies make payroll

money saved is money that businesses can borrow to grow

saving allows the government to contribue to retirement funds

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