Characteristics and Functions of Money

Characteristics and Functions of Money

10th Grade

10 Qs

quiz-placeholder

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Characteristics and Functions of Money

Characteristics and Functions of Money

Assessment

Quiz

Business

10th Grade

Medium

Created by

Racquel Elliott

Used 16+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is not a characteristic of money?

Divisibility

Portability

Acceptability

Responsibility

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is NOT one of the characteristics of money?

durable
stable
scarce
affordable

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Money has ______ if it doesn't deteriorate when it is being handled frequently.

Scarcity

Divisibility

Durability

Portability

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Money has ______ if it can be broken down into smaller units so it can be used as needed.

Divisibility

Portability

Scarcity

Durability

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Easily transferred from 1 person to another, to make the exchange of money for products easier.

Durability

Portability

Divisibility

Scarcity

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Money or other substance generally accepted as payment for goods and services.

Measure of value

Medium of exchange

Scarcity

Store of Value

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

One of three functions of money allowing people to preserve value for future use.

Store of value

Divisibility

Portability

Measure of value

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