econ-test chapters 10,11,12

econ-test chapters 10,11,12

12th Grade

•

51 Qs

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econ-test chapters 10,11,12

econ-test chapters 10,11,12

Assessment

Quiz

•

Education

•

12th Grade

•

Hard

Created by

Lou Krutz

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51 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything that society generally accepts as payment is called ____?

money

fiscal policy

monetary policy

barter

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The exchange of goods/services for other goods/services is called ____?

money

fiscal policy

monetary policy

barter

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purchasing Power is ____?

the ability to buy goods/services

the value of a currency

the strength of a nation's economy

value that only applies to full-bodied coins

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of currency that uses a single good as money is called ____?

commodity money

fiat money

representative money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of currency that represents a commodity in storage is called ____?

commodity money

fiat money

representative money

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What two things must be true to keep fiat money valuable?

Faith the others will accept it

Limited quantity of money supply

Used by other countries

Be easy to transport

Be easily divisible

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is NOT a desirable characteristic of money?

Portability

Divisibility

Low liquidity

Durability

Stability

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