
Functions of Money in Economics

Interactive Video
•
Business
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
Read more
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main roles of money in the economy?
To create wealth
To eliminate trade
To serve as a medium of exchange
To increase inflation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does money as a medium of exchange benefit trade?
It eliminates the need for a double coincidence of wants
It increases the price of goods
It reduces the variety of goods available
It complicates the trading process
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is required for a barter system to work effectively?
A single currency
A double coincidence of wants
A high level of inflation
A large variety of goods
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is money considered a store of value?
It can be exchanged for any good
It increases in value with inflation
It retains value over time
It can be used immediately
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What effect does inflation have on money as a store of value?
It has no effect
It increases the value of money
It decreases the value of money
It stabilizes the value of money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why can't a baker store his wealth in bread?
Bread is too valuable
Bread is a form of currency
Bread will go stale
Bread increases in value over time
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does money function as a unit of account?
By facilitating future payments
By storing wealth
By allowing value comparison of goods and services
By increasing the price of goods
Create a free account and access millions of resources
Similar Resources on Wayground
6 questions
Beijing Railway Station - Passengers Travelling

Interactive video
•
9th - 10th Grade
11 questions
Functions and Importance of Money

Interactive video
•
9th - 10th Grade
11 questions
Barter System Concepts and Challenges

Interactive video
•
9th - 10th Grade
6 questions
Interview with Boris Johnson on social care

Interactive video
•
9th - 10th Grade
11 questions
Understanding Economic Concepts and Terms

Interactive video
•
9th - 10th Grade
6 questions
CLEAN : Images showing Dubai Financial Market after Saudi oil plant attacks

Interactive video
•
9th - 10th Grade
6 questions
Akcakale Refugee Camp in Turkey

Interactive video
•
9th - 10th Grade
11 questions
Functions and Concepts of Money

Interactive video
•
9th - 10th Grade
Popular Resources on Wayground
55 questions
CHS Student Handbook 25-26

Quiz
•
9th Grade
18 questions
Writing Launch Day 1

Lesson
•
3rd Grade
10 questions
Chaffey

Quiz
•
9th - 12th Grade
15 questions
PRIDE

Quiz
•
6th - 8th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
22 questions
6-8 Digital Citizenship Review

Quiz
•
6th - 8th Grade
10 questions
Nouns, nouns, nouns

Quiz
•
3rd Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
Discover more resources for Business
55 questions
CHS Student Handbook 25-26

Quiz
•
9th Grade
10 questions
Chaffey

Quiz
•
9th - 12th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Lab Safety and Lab Equipment

Quiz
•
9th - 12th Grade
24 questions
Scientific method and variables review

Quiz
•
9th Grade
20 questions
Getting to know YOU icebreaker activity!

Quiz
•
6th - 12th Grade