Money and Banking

Money and Banking

University

9 Qs

quiz-placeholder

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Money and Banking

Money and Banking

Assessment

Quiz

Business

University

Medium

Created by

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