
3/27 CH10 EC
Authored by Kimberly A Van Horn
Social Studies
12th Grade

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a good synonym for the word barter in the term barter economy?
trade
fiat
specie
monetary
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement best explains why money was invented?
Money was invented to support a barter economy.
Money was invented to facilitate the exchange of goods and services.
Money was invented to strengthen government power and control.
Money was invented to lift people out of poverty.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a basic characteristic of money?
portability
durability
divisibility
all of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the origin of the word salary?
The salad prepared in honor of the Greek money gods
The salamanders whose blood was used to print money in China
The salt paid to Roman soldiers
A person named Sal
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Federal Reserve System (Fed)
the central bank of the United States
the central bank of Canada
a bank during the Civil War
none of these
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is commodity money?
Money that has an alternative use as an economic good; gunpowder, flour, corn, etc.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is fiat money?
Fiat money is currency that a government has declared to be legal tender.
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