quiz MOB  32/10 18F

quiz MOB 32/10 18F

12th Grade

20 Qs

quiz-placeholder

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quiz MOB  32/10 18F

quiz MOB 32/10 18F

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

khim sopheak

Used 8+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is referred to as currency?

A type of commodity

A universally accepted medium of exchange

A form of barter

A type of investment

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary function of currency?

To act as a physical asset

To serve as a store of value

To facilitate trade

To represent ownership

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a characteristic of currency?

Scarcity

Immutability

Divisibility

Stability

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the term 'barter' refer to?

A financial market

A type of investment

A form of currency

Exchange of goods and services

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is one of the key roles of currency in an economy?

To increase inflation

To facilitate transactions

To limit trade

To create debt

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is meant by the 'medium of exchange' function of currency?

It is used to store wealth

It is used to facilitate trade

It is used to measure value

It is used to create savings

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following describes the 'store of value' function?

It is a form of investment

It is used for immediate transactions

It maintains its value over time

It allows for easy transfer of ownership

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