Functions of Money

Functions of Money

12th Grade

25 Qs

quiz-placeholder

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20 Qs

Functions of Money

Functions of Money

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

John Robinson

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What function of money the picture represent? 

Store of Value

Unit of Account

Medium of Exchange

Acceptable 

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What function of money the picture represents? 

Unit of Account

Store of Value

Stable 

Medium of Exchange

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money or other substance generally accepted as payment for goods and services.

Measure of value

Medium of exchange

Scarcity

Store of Value

4.

MULTIPLE SELECT QUESTION

1 min • 1 pt

What are the 3 functions of money?

Measure of Gold

Store of Value

Medium of Exchange

Store of Bank Notes

Measure of Value

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A student records her income and spending for past month, she uses the function of money

Medium of exchange

Standard of deferred payments

Unit of account

Store of value

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A saving account in a bank represents the function of money:

Store of value

A medium of exchange

A standard for deferred payments

A measure of value

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Last year, you sold your game system to your friend Jimmy for $125 in cash. You've been saving that money in a shoe box under your bed. You are saving the money to buy a new computer next year. What is the primary function of money exhibited here?

Store of Value

Stable 

Unit of Account

Medium of Exchange

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