ECON C6 Review

ECON C6 Review

12th Grade

120 Qs

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ECON C6 Review

ECON C6 Review

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Tin Tran

Used 2+ times

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120 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following choices is not a function of money?

Standard of Value

Store of Value

Medium of Exchange

Variation in Exchange

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following choices correctly lists the physical properties of money?

Durability, Portability, Divisibility, Uniformity

Portmantility, Dynability, Pacificity, Durability

Portmantility, Divisibility, Uniformity, Dynability

Dynability, Pacificity, Divisibility, Uniformity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do economists define money?

A small to medium-sized primate that typically has a long tail

Any item or record that is generally recognized as payments for goods

Concerning a large number of an item; concrete or abstract

An instrument or device used for observing, checking, or keeping a continuous record of a process or quantity.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following choices is not an economic property of money?

Stability of value​

Acceptability

Scarcity​

Unpredictability

5.

MATCH QUESTION

1 min • 1 pt

Match each type of money to the best definition.

Fiat Money

Has value only because the government says so​

Commodity Money

Has intrinsic value based on the material from which it is made​

Representative Money​

Backed by tangible goods (i.e. tied to silver or gold)​

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who was the United States' first Secretary of the Treasury?

Aaron Burr

Thomas Jefferson

Alexander Hamilton

Benjamin Franklin

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which 1913 act of Congress finally reestablished the National Bank?

Federal Reserve Act

Gibbons Ogden Act

Temporary Authorization Act

Savings and Loan Act

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