Econ Unit 3

Econ Unit 3

12th Grade

25 Qs

quiz-placeholder

Similar activities

CH 12, sections 1-5

CH 12, sections 1-5

12th Grade

22 Qs

Unit 2 Test

Unit 2 Test

12th Grade

25 Qs

Classroom Expectations 2025-26

Classroom Expectations 2025-26

11th Grade - University

24 Qs

Chapter 1 - Start Smart

Chapter 1 - Start Smart

8th Grade - University

20 Qs

Economics Final Exam U1 & U2 Review

Economics Final Exam U1 & U2 Review

12th Grade

20 Qs

finance 4.1, 4.2

finance 4.1, 4.2

9th - 12th Grade

20 Qs

Wants Needs and Priorities

Wants Needs and Priorities

9th - 12th Grade

20 Qs

Eco chapter 2

Eco chapter 2

9th - 12th Grade

20 Qs

Econ Unit 3

Econ Unit 3

Assessment

Quiz

Financial Education

12th Grade

Easy

Created by

Paul Stone

Used 4+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is meant by "legal tender" in the context of money?

Money that is used to measure value

Money that must be accepted for purchases and debts

Money that is used to store goods

Money that is used to create services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the most important characteristic of money?

Portability

Scarcity

Acceptability

Durability

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Why is scarcity an important characteristic of money?

It makes money easy to carry

It ensures money is widely accepted

It adds value to money

It makes money durable

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What did Roman soldiers receive as part of their wages?

Gold coins

Silver bars

An allotment of salt

Copper tokens

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the main idea of this unit?

The history of salt

Characteristics of exchange and money

The value of pumpkins

The use of glass bowls in trade

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is commodity money?

Money that has no intrinsic value

Money that is backed by government decree

A good that has value in trade and is used as a medium of exchange

Digital currency used in online transactions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a loan?

A gift of money with no expectation of repayment

A transaction where a lender gives money to a borrower who agrees to repay it

A deposit made in a bank

A type of commodity money

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?