ECO - Ch.10 Vocabulary
Authored by miguel rivera
Social Studies
12th Grade
Used 3+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for currency issued by a national government?
national currency
Federal Reserve notes
barter economy
commodity money
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for money that is not backed by a physical commodity like gold or silver?
barter economy
Federal Reserve notes
Federal Reserve System
fiat money
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for money that must be accepted for payment of debts?
barter economy
legal tender
Federal Reserve notes
Federal Reserve System
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for coins made of precious metals like gold or silver?
specie
commodity money
Federal Reserve notes
barter economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for money that is used to hold wealth for the future?
barter economy
Store of value
Federal Reserve notes
commodity money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the basic unit of currency in a country?
monetary unit
Federal Reserve System
barter economy
commodity money
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of certificates were issued by the U.S. government that could be exchanged for silver?
Silver Certificates
Federal Reserve notes
commodity money
barter economy
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