Money and Currency Quiz
Authored by Merlande Desmangles
Business
11th Grade
DOK Level 2: Skill/Concept covered
Used 1+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a function of money?
Medium of exchange
Store of value
Unit of account
Barter system
Tags
DOK Level 2: Skill/Concept
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What characteristic of money ensures that it can be easily divided into smaller units?
Durability
Portability
Divisibility
Uniformity
Tags
DOK Level 2: Skill/Concept
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes the barter system?
Exchange of goods and services without using money
Use of coins and paper money for transactions
Digital transactions using electronic money
Government-issued currency
Tags
DOK Level 2: Skill/Concept
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form of currency is issued by the government and has no intrinsic value?
Commodity money
Fiat currency
Representative money
Digital currency
Tags
DOK Level 2: Skill/Concept
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary difference between money and currency?
Money is a physical object, while currency is a concept
Money includes all forms of wealth, while currency is a specific type of money
Money is issued by the government, while currency is not
Money is used for transactions, while currency is not
Tags
DOK Level 2: Skill/Concept
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of fiat currency?
Gold coins
Silver bars
U.S. dollar
Bitcoin
Tags
DOK Level 2: Skill/Concept
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is income?
The total amount of money spent
The total amount of money earned
The total amount of money saved
The total amount of money borrowed
Tags
DOK Level 2: Skill/Concept
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