money

money

12th Grade

•

44 Qs

quiz-placeholder

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money

money

Assessment

Quiz

•

Social Studies

•

12th Grade

•

Medium

Created by

Denise Vosika

Used 23+ times

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44 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Money (2 answers)

a bank card that automatically deducts the amount of a purchase from your checking account

any item (coins and paper) that is used as payment for products.

the income received by property owners in the form of rent.

Coins and paper used as a standard for trade

2.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

What are the 3 functions of money that must be present to be money?

Measure of Gold

Store of Value

Medium of Exchange

Store of Bank Notes

Measure of Value

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Money is a medium of exchange, measure of value, and store of value these are examples of?

functions of money

federal reserve notes

formerly used currencies

characteristics of money

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Money can be kept and retain its value over time. Does not have to be spent immediately

Store of value

Divisibility

Portability

Measure of value

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Expresses worth of an item in that country's currency

Medium of exchange

Standard of deferred payments

Unit of account (measure of value)

Store of value

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

20 sec • 1 pt

Money should be portable, durable, divisible, limited (or scarce) these are examples of?

functions of money

federal reserve notes

formerly used currencies

characteristics of money

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