PBMF 15 Money Basics Quiz

Money can be used to intermediate the exchange of goods and service. This describes which of the following basic functions of money?

• Medium of exchange

• Store of value

• Unit of accounts

• Standard of deferred payments

A torch is featured on the reverse of which of the following types of U.S. coins?

• Penny

• Nickel

• Dime

• Quarter

A $20 bill features which of the following on the reverse?

• U.S. Treasury

• White House

• U.S. Capitol

• Independence Hall

Which of the following treasuries are NOT a type of government bond?

• Treasury bonds

• Treasury funds

• Treasury bills

• Treasury notes

Which of the following is a slip of paper which allows the user to make a payment from his or her bank account to a business or individual?

• Cash

• Debit card

• Personal check

• Credit card