Unit 1: History of Money and United States Currency Quiz

What is the barter system?

• A system of trading goods or services directly without the use of money

• A system where only money is used for transactions

• A system where digital currency is used

• A system where credit cards are the primary mode of payment

What is currency?

• A medium of exchange

• A type of food

• A form of transportation

• A kind of plant

What are coins?

• Coins are a form of currency.

• Coins are a type of fruit.

• Coins are a kind of animal.

• A small, flat, round piece of metal that is used as a form of money
  

Paper money is:

• A form of currency made of paper that represents a certain value.

• A form of digital currency

• A type of coin

• A form of barter system

Bartering is:

• A system of exchange where goods or services are directly exchanged for other goods or services

• A form of currency

• A type of investment

• A method of saving money

What is the Federal Reserve?

• The central banking system of the United States

• A national park

• A federal prison

• A government agency for food safety

What are Federal Reserve Banks?

• They are the central banking system of the United States.

• They are private banks that operate independently.

• They are international financial institutions.

• They are state-owned banks.

What is coinage?

• The process of making coins

• A type of currency

• A collection of coins

• The study of coins

What is denomination?

• The value or face amount of a coin or banknote
  

• A type of religious group

• A unit of measurement

• A form of government

What is a watermark?

• A mark indicating the highest level of water reached

• A design that is visible when held up to light
  

• A mark used to identify the owner of a document

• A mark indicating the quality of a product