
Money Types
Authored by Anonymous Anonymous
Social Studies
11th Grade
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16 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following is NOT a function of money?
Store of value
Unit of account
Medium of exchange
Exchange of debt
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
This type of money is valuable because it is made of something valuable.
Commodity money
Representative money
Fiat money
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
This type of money consists of a certificate or token that can be exchanged for an item of value.
Commodity money
Representative money
Fiat money
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
This type of money does not have any intrinsic value and does not represent an asset in a vault.
Commodity money
Representative money
Fiat money
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
This type of money is considered legal tender and gets its value from the people's faith in the government.
Commodity money
Representative money
Fiat money
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The fact that people will allow you to buy items with a $20 bill is an example of which characteristic of money.
Durability
Portability
Divisibility
Uniformity
Acceptability
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The fact that a $20 bill can be exchanged for a 10, a 5 and 5 ones is an example of which characteristic of money?
Durability
Portability
Divisibility
Uniformity
Acceptability
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