Basic Finance 9 Long Quiz

It deals with the management of money and how it is used in exchange for transactions like buying, selling, borrowing, paying debts, investing, banking, budgeting etc.

• Management

• Money

• Basic Finance

• Principles of Money

It is anything authorized by law to be generally accepted as a medium of exchange such as payment for goods and services and repayment of debts.

• Money

• Finance

• Barter

• Exchange

It is the exchange of goods or services for other goods or services without using money.

• Swapping

• Exchanging

• Bartering

• Buying

It is a table used to help facilitate exchanges during the process of bartering.

• Table of related values

• Table of relating values

• Table of relative values

• Table of relation values

It was one of the problems that occurred during the Barter System era.

• Miscommunication

• Less goods

• Insufficient resources

• Unfair deals

It is the country where the first paper money was developed.

• Egypt

• China

• Philippines

• United States of America

It is a money without an intrinsic value that has been established as money, often by government regulation.

• Fiat Money

• Commodity Money

• Paper Money

• Metallic Money

It is a form of money which is made up of pure and superior metals like gold, silver, nickel, etc.

• Commodity Money

• Metallic Money

• Fiat Money

• Paper Money

It is a form of money which has an intrinsic value and meaning. It is worth something based on the material it was manufactured.

• Fiat Money

• Commodity Money

• Paper Money

• Metallic Money

It is a form of money which is printed on a paper, rather than in coin form.

• Fiat Money

• Commodity Money

• Paper Money

• Metallic Money