Unit 1: History of Money and United States Currency Quiz

Unit 1: History of Money and United States Currency Quiz

6th - 8th Grade

16 Qs

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Unit 1: History of Money and United States Currency Quiz

Unit 1: History of Money and United States Currency Quiz

Assessment

Quiz

Business

6th - 8th Grade

Practice Problem

Medium

Created by

Datrell Morgan

Used 15+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

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

2.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What is currency?

A medium of exchange

A type of food

A form of transportation

A kind of plant

3.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

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

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

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

5.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

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

6.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

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

7.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

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.

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