
Money and Banking

Quiz
•
Business
•
University
•
Medium

Alejandro Dellachiesa
Used 2+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Paper currency is
a bond
fiat money
commodity money
barter money
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The fact that gold that the Dutch were using in trade 500 years ago is still with us today demonstrates which characteristic of money?
divisible
durable
infinite
fungible
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The largest portion of M1 is made up of
currency
checking account deposits
savings account deposits
money market fund shares
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit cards are considered
part of M1
part of M2
part of M3
not part of the money supply
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gold is an example of
barter money
M1
commodity money
fiat money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The current U.S. dollar has
little intrinsic value but is backed by the gold held by the central bank.
little intrinsic value and is authorized by the governmental body.
intrinsic value that is independent of its use as money.
value, but it needs to be traded for gold by the central bank.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the characteristics of money?
Durability, Uniformity
Portability, Divisibility
Limited Supply, Acceptability
All of the above
8.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Have you tried an online quiz like this before?
Yes
No
9.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Would you like to work on would end of the class multiple choice questions with this system instead of raising your hand?
Yes
No
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