
Review : Money & Financial Institutions
Authored by Dini Pujiastuti
Social Studies
9th - 12th Grade
Used 5+ times

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41 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In general, the supply of money in a modern economy is best defined as....
In general, the supply of money in a modern economy is best defined as....
Coins, notes, and bank deposits
All items of legal tender
Coins, notes, and bank loans
Notes and coins
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a banknote or deposit money?
Which of the following is a banknote or deposit money?
Checks
Bank loan
Duty stamp
Jewelry
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a debit card used for?
To transfer money between accounts
To borrow money from the bank
To pay things or withdraw money from an ATM
To write checks
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following are important characteristics of good money, except….
The following are important characteristics of good money, except….
It is durable.
It is in unlimited supply.
It is generally accepted.
It is carried easily.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the phrase a medium of exchange mean when describing a function of money?
What does the phrase a medium of exchange mean when describing a function of money?
The price of an item can be measured in terms of money units
Money is generally accepted means of payment
You can save money because it keeps its value
Borrowers know how much they need to pay back on a loan
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the phrase "a measure of value" mean when describing a function of money?
The price of an item can be measured in terms of money units
Money is generally accepted means of payment
You can save money because it keeps its value
Borrowers know how much they need to pay back on a loan
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the phrase "a standard of deferred payment" mean when describing a function of money?
Price of an item can be measured in terms of money units
Money is generally accepted means of payment
You can save money because it keeps its value.
Borrowers know how much they need to pay back on a loan
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