Monetary

What is commodity money?

• Money that takes the form of a commodity

• Money that is easily torn and destroyed

• Money that has no intrinsic value

• Money that is created as the result of some future obligation

What is the characteristic of money that refers to its ability to be easily identified and recognized by the people?

• Stability

• Easy to Recognized

• Acceptability

• Durability

What is fiat money?

• Particular kind of standard money used in the country

• Money that is created as the result of some future obligation

• Money that has no intrinsic value

• Currency established as money by government regulation

What is the function of money that refers to its ability to be stored for a long period of time and used in the future?

• Medium of exchange

• Store of Value

• Standard of Value

• Standard of Deferred Payment

What is the characteristic of money that refers to its ability to be divided into different denominations with its real value not affected?

• Portability

• Flexibility

• Divisibility

• Uniformity

What is credit money?

• Money that has no intrinsic value

• Monetary value created as the result of some future obligation or claim

• Currency established as money by government regulation

• Particular kind of standard money used in the country

What is the characteristic of money that refers to its ability to be carried or brought anywhere because of its portability?

• Durability

• Portability

• Acceptability

• Stability

What is the function of money that refers to its ability to be used as a medium of exchange?

• Store of Value

• Medium of exchange

• Standard of Value

• Standard of Deferred Payment

What is the function of money that refers to its ability to be used as a standard for measuring the value of goods and services?

• Medium of exchange

• Store of Value

• Standard of Value

• Standard of Deferred Payment

What is representative money?

• Money that has no intrinsic value

• Monetary value created as the result of some future obligation or claim

• Currency established as money by government regulation

• Money that represents a claim on a commodity