
Money and Budgeting
Authored by Dominick Petrosillo
Financial Education
12th Grade
Used 11+ times

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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
7.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain why money(currency) needs to be Divisible
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OFF
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