ECO - Ch.10 Vocabulary

ECO - Ch.10 Vocabulary

12th Grade

20 Qs

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ECO - Ch.10 Vocabulary

ECO - Ch.10 Vocabulary

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

miguel rivera

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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