Search Header Logo

Chapter 15 Review Part 1

Authored by Stephanie Farris

Professional Development

10th Grade

Used 1+ times

Chapter 15 Review Part 1
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jacob, a business student, registered for a class that focused on how money is managed by individuals, companies, and governments. What type of class did Jacob register for?

Accounting

Business Basics

Finance

Economics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ is best described as a paper money that is not readily convertible to a precious metal, such as gold.

Fiat money

Bitcoin

Paper money

Credit card

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money serves three important functions:

as a medium of exchange, a measure of value, and a _______.

symbol of wealth

token of appreciation

store of value

store of stability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jamie, a hairstylist, often trades haircuts with the restaurant owner down the street from his salon for free food. This scenario best describes

using fiat money.

purchasing.

using IOU's.

bartering.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Large colored rocks could be used as money, but you couldn’t carry them around in your wallet. What characteristics of money does this relate to?

store of value

accessability

portability

divisible

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

U.S. money includes subtle colors in addition to the traditional green, as well as enhanced security features, such as a watermark, security thread, and color-shifting ink. Which of the following characteristics of money is being protected by these measures?

acceptability

difficult to counterfeit

stability

divisibility

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ________ is the guardian of the American financial system.

Federal Savings and Loan

Federal Reserve Board

New York Stock Exchange

New York Federal Reserve Bank

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?