Match the following functions of money with their correct descriptions.

Functions of Money Quiz

Quiz
•
Social Studies
•
12th Grade
•
Hard
Jake Ebeling
FREE Resource
34 questions
Show all answers
1.
MATCH QUESTION
30 sec • 1 pt
Measures and compares the value of goods and services
Unit of Account
Facilitates exchange but does not communicate effectively
Medium of Communication
Provides power to machines, not an economic role
Means of Transportation
Facilitates movement of goods and people, not a direct function of money
Source of Energy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does money as a 'Medium of Exchange' eliminate?
The need for banks
The complications of bartering
The use of credit cards
The requirement for loans
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does money function as a 'Store of Value'?
By being easy to transport
By allowing for immediate consumption
By preserving purchasing power for future consumption
By measuring the value of goods and services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the function of money described as allowing individuals to buy goods and services without the complications of bartering?
Unit of Account
Store of Value
Medium of Exchange
Standard of Deferred Payment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which function of money involves using it to measure the value of goods and services?
Medium of Exchange
Store of Value
Unit of Account
Standard of Deferred Payment
6.
OPEN ENDED QUESTION
3 mins • 1 pt
How does money function as a 'Store of Value'?
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7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is money used for according to the text?
To create complications in trading
To buy goods and services without the complications of bartering
To make transactions more difficult
To decrease the efficiency of getting paid
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