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Money and Budgeting

Authored by Dominick Petrosillo

Financial Education

12th Grade

Used 11+ times

Money and Budgeting
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34 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Money must be...

Medium of Exchange

Unit of Account

Backed by Gold

Store of value

2.

OPEN ENDED QUESTION

3 mins • 1 pt

Medium of Exchange...explain.

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3.

OPEN ENDED QUESTION

3 mins • 1 pt


Unit of Account...explain

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OFF

4.

OPEN ENDED QUESTION

3 mins • 1 pt

Store of Value...explain

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OFF

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money has value because...

It is made from rare and precious materials

Governments can make more indefinitely without any consequences

It is necessary for bartering exchanges

People accept it as payment for goods ^ services

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

For something to work well as money it must be these 4 things in addition to being durable​ & stable: ​ ​ ​

Precious

Acceptable
Divisible
Scarce
Portable

7.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain why money(currency) needs to be Divisible

Evaluate responses using AI:

OFF

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