Money
Quiz
•
Education
•
10th Grade
•
Hard
Ruby Gerada
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a function of money?
Medium of exchange
Store of value
Barter system
Unit of account
Answer explanation
The barter system is not a function of money; it is an alternative method of trade that does not involve money. Money serves as a medium of exchange, store of value, and unit of account, unlike the barter system.
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What characteristic of money ensures that a €1 coin always holds the same value as another €1 coin?
Uniformity
Acceptability
Portability
Divisibility
Answer explanation
Uniformity ensures that each €1 coin is identical in size, weight, and appearance, guaranteeing that one €1 coin always holds the same value as another. This characteristic is essential for maintaining trust in the currency.
3.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
If a country prints too much money, what economic problem could arise?
Deflation
Hyperinflation
Barter System
Increased Savings
Answer explanation
Printing too much money can lead to hyperinflation, where prices rise rapidly as the currency loses value. This occurs because an excess supply of money decreases its purchasing power, causing inflation to spiral out of control.
4.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Which of the following is an example of a form of money that operates digitally?
Gold Coins
Cryptocurrency
Cash
Bartering
Answer explanation
Cryptocurrency is a form of money that exists only in digital form, unlike gold coins, cash, or bartering, which are physical or traditional methods of exchange.
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which type of money is easiest to transport?
50 kg of wheat
A cow
A gold bar
A €50 note
Answer explanation
A €50 note is the easiest to transport because it is lightweight and compact compared to 50 kg of wheat, a cow, or a gold bar, which are all bulky and heavy.
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