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Economic Concepts Quiz

Authored by Sydny Johnson

History

12th Grade

Economic Concepts Quiz
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37 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything that is used to determine value during the exchange of goods and services?

median of exchange

Barter

Service

Commodity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money an investor receives above and beyond the money initially invested is called

return

Interest

Revenue

Dividend

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of money that the government has decreed as an acceptable means to pay debts?

Commodity Money

Fiat Money

Cryptocurrency

Barter System

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is commodity money?

Money that has intrinsic value

Digital currency

Fiat money

Cryptocurrency

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bond is a

financial instrument representing a loan made by an investor to a borrower

type of stock representing ownership in a company

form of currency used in international trade

digital asset used in blockchain technology

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A share of stock represents

ownership in a company

a loan to a company

a company's debt

a company's profit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would happen if the Federal Reserve reduced the reserve requirement?

Banks would have more money to lend.

Interest rates would increase.

Inflation would decrease.

The money supply would contract.

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