Unit 4 Economics Review Quizizz

Unit 4 Economics Review Quizizz

12th Grade

12 Qs

quiz-placeholder

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Unit 4 Economics Review Quizizz

Unit 4 Economics Review Quizizz

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Kathy Bahlmann

Used 6+ times

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12 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Medium exchange, standard or measure of value, and store of value are all types of--

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

_________ _____ is a form of money which has an intrinsic value meaning it is worth something on its own right rather than simply being a token of financial value

3.

DROPDOWN QUESTION

1 min • 1 pt

M​ oney that has value simply because the government says it has value is called ​ (a)  

FIAT MONEY
COMMODITY MONEY
CURRENCY
REPRESENTATIVE MONEY

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a disadvantage of the barter system is that it is limited to

no use of currency

large markets

availability and demand

no consumer protection

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nationally Chartered Bank members, board members who serve 14-year terms, a a chairman appointed by the president, and 12 Federal districts are all parts of the

stock exchange

Federal Reserve System

Treasury Department

Washington DC

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the country is suffering from unemployment and needs to stimulate spending the Federal Reserve can do so by

selling securities

tightening monetary policies

decreasing the discount rate

increasing the reserve requirement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

depending on the health of the economy the Federal Reserve can require Banks to hold more money as opposed to lending it by

decreasing the discount rate

decreasing the federal funds rate

increasing the reserve requirement

suspending the federal funds rate target

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