
Money Quiz
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Easy
Linda Ashamalla
Used 3+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which characteristic of money ensures that it does not deteriorate easily?
Divisibility
Durability
Portability
Scarcity
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why is modern money considered an improvement over colonial money?
It is backed by commodity goods
It exists in multiple forms like electronic transfers and checks
It is easier to counterfeit
It has no intrinsic value
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which system did money replace, and why was this replacement beneficial?
The credit system, because it was too complex
The barter system, because it required mutual coincidence of wants
The federal system, because it was too restrictive
The colonial system, because it lacked standardization
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which characteristic of money ensures its value is maintained?
Portability
Durability
Limited supply
Divisibility
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How long does a typical $1 bill last in circulation?
36 months
24 months
18 months
12 months
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary advantage of electronic funds transfer over paper checks?
It provides better security
It costs more to process
It requires special equipment
It offers faster and simpler transactions
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which component is NOT included in the M1 money supply measure?
Coins
Time deposits
Traveler's checks
Demand deposit accounts
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