Money and Finance

Money and Finance

9th Grade

13 Qs

quiz-placeholder

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Money and Finance

Money and Finance

Assessment

Quiz

Other

9th Grade

Hard

Created by

Erika Sente

Used 1+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What are the three main purposes of money?

To act as a medium of exchange, store of value, and unit of account

To act as a medium of exchange, store of wealth, and unit of measurement

To act as a medium of transaction, store of value, and unit of measurement

To act as a medium of transaction, store of wealth, and unit of account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the barter system?

A system where goods and services are exchanged directly without the use of money

A system where money is used as a medium of exchange

A system where goods and services are exchanged for gold

A system where goods and services are exchanged for stocks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the difference between money and currency?

Money is a broader concept that includes currency as a form of medium of exchange

Currency is a broader concept that includes money as a form of medium of exchange

Money and currency are the same thing

Money and currency are not related to each other

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is Bitcoin?

A virtual currency that is not issued or regulated by a specific country

A physical currency made of gold

A digital currency issued by the government

A form of barter system

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Why do we need a financial system?

To facilitate lending and borrowing between lenders and borrowers

To control the flow of money in the economy

To ensure that everyone has equal access to money

To eliminate the need for money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the role of banks in the financial system?

To collect deposits from lenders and provide loans to borrowers

To regulate the stock market

To issue currency and coins

To facilitate barter transactions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the difference between debt and equity?

Debt is a loan that needs to be repaid with interest, while equity represents ownership in a company

Debt represents ownership in a company, while equity is a loan that needs to be repaid with interest

Debt and equity are the same thing

Debt and equity are not related to finance

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