
Quiz #1 Money

Quiz
•
Business
•
12th Grade
•
Easy
Davina Urbina
Used 4+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
3 mins • 2 pts
The direct exchange of goods and services for other goods and services
Barter
Direct exchange
Money
Subsistence economy
2.
MULTIPLE CHOICE QUESTION
3 mins • 2 pts
Anything that is acceptable as a means of settling debts.
Money
Barter
Indirect exchange
Subsistence economy
3.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
Which characteristic of money describes its ability to withstand being used repeatedly?
Portability
Divisibility
Durability
Scarce
4.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
Today different notes and coins convey fractional values since money must be
divisible.
portable.
durable.
scarce.
5.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
There are restrictions on the amount of money in circulation to ensure that values remain relatively constant. This feature of money is known as
durability.
divisibility.
scarcity.
homogeneous.
6.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
Individuals must be able to carry money and transfer it easily to other individuals. Therefore, money must be
divisible.
durable.
portable.
scarce.
7.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
Money can be used as a means to compare values of goods and services. Therefore, money acts as a
medium of exchange.
store of value.
standard of deferred payment.
unit of account.
8.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
Money can be used to pay for a good in the future while enjoying the good today. Therefore, money acts as a
medium of exchange.
store of value.
standard of deferred payment.
unit of account.
9.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
Money eliminates the problem of double coincidence of wants and acts as a common ground for determining value . Therefore, money acts as a
medium of exchange.
store of value.
standard of deferred payment.
unit of account.
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