Money
Authored by Andy McColl
Business
University
Used 1+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the functions of money?
Salary, Bonus, Commission, Inheritance
Income, Expenditure, Budgeting, Debt
Saving, Spending, Borrowing, Investing
Unit of account, Means of exchange, Store of value, Legal tender
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of money influenced by?
Sports, Music, Art, Literature
Food, Health, Education, Entertainment
Weather, Geography, Technology, Fashion
Personal attitudes, Life stages, Culture, External influences
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the common principles to be considered in planning personal finances?
Traveling, buying luxury items, investing in stocks, donating to charity
Playing sports, going on vacation, attending concerts, buying art
Avoiding getting into debt, controlling costs, remaining solvent, generating income and savings
Playing video games, watching movies, going shopping, eating out
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the payment methods listed in Table 3.2 do you use regularly or semi-regularly?
Cash, Debit card, Credit card, Mobile payment
Cheque, Bitcoin, Barter, IOU
Stocks, Bonds, Mutual funds, Real estate
Gold, Silver, Platinum, Diamond
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the common types of current bank accounts?
Savings account, Checking account, Money market account, Certificate of deposit
Piggy bank, Shoebox, Mattress, Wallet
Dollar, Euro, Pound, Yen
Penny, Nickel, Dime, Quarter
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of accounting?
To market, sell, and distribute financial products
To design, build, and maintain financial systems
To entertain, inspire, and educate through financial storytelling
To record, analyze, and report financial transactions
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the best definition of money?
A piece of paper, a metal coin, and a digital currency
A tool for trade, a weapon for war, and a shield for survival
A medium of exchange, a unit of account, and a store of value
A symbol of power, a source of happiness, and a cause of conflict
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