MONEY

Where did paper money come from?

• FRANCE

• CHINA

• VIETNAM

• ITALY

When money is used to settle debts or financial transactions, which function does it serve?

• Means of payment

• Store of value

• Medium of circulation

• World currency

When did Banknotes and the Banking System first appear

• In the 10th century

• In the 7th century

• In the 17th century

• In the 15th century

Which of the following is an example of commodity money?

• Gold

• Paper bills

• Digital currency

• Bank checks

What types of commodities were used as commodity money in ancient societies?

• Gold, silver, and gemstones

• Livestock, grains, and shells

• Paper money and credit cards

• All types of personal assets

Which of the following is an example of Fiduciary Money?

• Gold

• Silver

• Paper bills

• Checks

Comm___ial Bank Money

Which function of money helps measure and compare the value of goods and services?

• Medium of circulation

• Measure of value

• Means of payment

• World currency

When money is used for buying and selling goods between countries, which function does it serve?

• Means of payment

• Measure of value

• World currency

• Medium of circulation

What is the role of money in the economy?

• To create inflation

• To increase trade barriers

• To regulate production, consumption, and investment

• To reduce government control over the economy