NEW
Font size
S
M
L
XL
WorksheetsPrinciples of Money
Total questions: 11
Worksheet time: 6mins
Name
Class
Date
1.
Bob is shopping at the mall and goes to the checkout counter to pay for his shoes. What function of money is Bob engaging in?
a)
Medium of Exchange
b)
Portability
c)
Divisibility
d)
Store of Value
2.
A loan provided to a borrow where property can be taken from the borrower if the loan is not repaid describes which type of loan?
a)
Commercial
b)
Individual
c)
Mortgage
d)
Line of Credit
3.
The fact that money can be stored or saved, must keep its value, and must be non-perishable describes what function of money?
a)
Acceptability
b)
Unit of Measure
c)
Medium of Exchange
d)
Store of Value
4.
The concept of time value of money means...
a)
Money must be divisible
b)
Money must be easy to transport
c)
Money does not lose its value over time
d)
Money must be acceptable as a medium of exchange
5.
What type of loan would be granted for a business owner needing supplies and equipment?
a)
Mortgage
b)
Commercial
c)
Individual
d)
Line of Credit
6.
Penny can choose to carry $100 in several different denominations. This describes which characteristic of money?
a)
Store of Money
b)
Medium of Exchange
c)
Divisibility
d)
Portability
7.
A loan that is provided to a borrower for any purpose describes which type of loan?
a)
Individual
b)
Line of Credit
c)
Commercial
d)
Mortgage
8.
Which is NOT a characteristic of money?
a)
Stable
b)
Portable
c)
Acceptance
d)
Plentiful
9.
Fake money is called _____.
a)
counterfeit
b)
tender
c)
metallic
d)
linen
10.
Trading currency evolved from _____.
a)
bartered goods
b)
the gold rush
c)
the President
d)
electronic funds
11.
Why are banknotes, paper money, and coins considered money?
a)
Can be duplicated
b)
Government has no control over them
c)
Acceptable as medium of exchange
d)
All circulated in other countries
Reset
