History of Money

History of Money

10th Grade

19 Qs

quiz-placeholder

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History of Money

History of Money

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ is anything that people will accept as payment for goods and services.

ATM

M2

money

national bank

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money makes trade easier by serving as a _________.

medium of exchange

M2

barter

national bank

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As a _______, money allows people to compare the prices of goods and services.

store of value

currency

demand deposits

standard of value

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money must be a ________, or something that holds its value over time.

store of value

debit card

gold standard

firat money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gold coins and salt are both examples of ________.

gold standard

commodity money

fiat money

M1

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most money in the world today is _________, which has no tangible value but is declared by the government to have worth.

fiat money

commodity money

gold standard

representative money

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______ consists of _______, which includes paper money and coins and ________, which is another name for checking accounts.

M1; currency; demand deposits

M2; money; near money

M1; currency; debit card

M2; currency; fiat money

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