Social Studies
12th Grade
Used 22+ times
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20 questions
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1.
DRAG AND DROP QUESTION
3 mins • 2 pts
(a) is an asset that is used primarily for (b) , not consumption.
2.
MATCH QUESTION
3 mins • 3 pts
Eliminates the need for double coincidence of wants.
Unit of Account
Provides a common measure of value.
Medium of Exchange
It must maintain its purchasing power when not in use.
Store of Value
3.
MATCH QUESTION
3 mins • 3 pts
Match the following Types of Money
Has no intrinsic value and cannot be exchanged for valuable goods.
Representative Money
A good used as money in exchange for something else. Barter.
Commodity Money
Ownership of valuable goods but has no value.
Fiat Money
4.
MULTIPLE CHOICE QUESTION
3 mins • 2 pts
A Divisible Characteristic of Money is...
It can be broken into smaller parts.
It can be transported
People accept it as payment.
It is relatively hard to obtain.
It lasts a long time.
5.
MULTIPLE CHOICE QUESTION
3 mins • 2 pts
A Portable Characteristic of Money is...
It can be broken into smaller parts.
It can be transported
People accept it as payment.
It is relatively hard to obtain.
It lasts a long time.
6.
MULTIPLE CHOICE QUESTION
3 mins • 2 pts
An Acceptable Characteristic of Money is...
It can be broken into smaller parts.
It can be transported
People accept it as payment.
It is relatively hard to obtain.
It lasts a long time.
7.
MULTIPLE CHOICE QUESTION
3 mins • 2 pts
A Scarce Characteristic of Money is...
It can be broken into smaller parts.
It can be transported
People accept it as payment.
It is relatively hard to obtain.
It lasts a long time.
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