PF 2-1 Vocab & Lesson Review

PF 2-1 Vocab & Lesson Review

9th - 12th Grade

15 Qs

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PF 2-1 Vocab & Lesson Review

PF 2-1 Vocab & Lesson Review

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Rebekah Williams

Used 10+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where goods and services are exchanged directly for other goods and services without a medium of exchange, like money being used.

Barter System

Medium of Exchange

Currency

Money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An instrument that represents a standard and agreed upon value, used to purchase goods and services and to pay debts.

Store of Value

Medium of Exchange

Currency

Money

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The official form of money in active circulation within a country, including both physical forms like paper bills and coins, as well as the digital or accounting representation of it within the banking system.

Money

Unit of Measure

Currency

Store of Value

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A medium of exchange that facilitates the buying and selling of goods and services in an economy.

Barter System

Money

Unit of Measure

Tokens

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An asset that maintains its value over time without depreciating significantly.

Medium of Exchange

Unit of Measure

Store of Value

Barter System

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a function of money?

Medium of Exchange

Unit of Measure

Store of Value

Portability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What function of money allows individuals to save and use it in the future?

Unit of Measure

Store of Value

Medium of Exchange

Limited Supply

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