Counting Money

What is the primary purpose of money in a society?

• Medium of exchange

• Tool for decoration

• Source of entertainment

• Means of transportation

Which of the following is NOT a characteristic of money?

• Durability

• Portability

• Invisibility

• Divisibility

In ancient times, which of the following was commonly used as money?

• Shells

• Plastic

• Paper

• Glass

What is the term for the process of creating new money in an economy?

• Inflation

• Deflation

• Minting

• Bartering

Which institution is primarily responsible for controlling the money supply in a country?

• The Central Bank

• The Stock Exchange

• The Ministry of Education

• The National Library

What is the term for money that is not backed by a physical commodity like gold?

• Fiat money

• Commodity money

• Barter money

• Digital money

Which of the following is a function of money?

• Store of value

• Source of energy

• Means of communication

• Tool for construction

What is the term for the decrease in purchasing power of money?

• Inflation

• Deflation

• Stagnation

• Recession

Which of the following is an example of digital money?

• Cryptocurrency

• Gold coins

• Paper bills

• Barter goods

What is the term for exchanging goods and services without using money?

• Barter

• Trade

• Investment

• Saving