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Worksheets

Money

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

Which of The following is the correct word for this definition: Money that is difficult to find, obtain, or duplicate.

a)

portable

b)

stable

c)

scarce

d)

fungible

2.

Which of The following is the correct word for this definition: Money that has uniform, or equivalent, units.

a)

portable

b)

stable

c)

scarce

d)

fungible

3.

Which of The following is the correct word for this definition: Money that changes little in value over time

a)

portable

b)

scarce

c)

stable

d)

fungible

4.

Which of The following is the correct word for this definition: Money that can be easily moved around.

a)

portable

b)

scarce

c)

stable

d)

fungible

5.

Money must function as a medium of exchange, which means it

a)

holds its value over time.

b)

can be used for making economic comparisons.

c)

can be easily converted into other types of money

d)

is a recognized form of payment in transactions.

6.

The main difference between the M1 money supply and the M2 money supply is that M1 is

a)

more liquid.

b)

less liquid

c)

larger

d)

not counted in other money supply calculations.

7.

What is NOT included in the M1 money supply?

a)

Traveler's Checks

b)

Currency in Circulation

c)

Savings Deposits

d)

Checkable Deposits

8.
When money is not used and goods and services are exchanged for other goods and services, this system is called:
a)
A.  Credit
b)
B.  Money
c)
C.  Barter
d)
D.  Checks
9.
If you want to have partial ownership of a company you may buy ______________.
a)
stock
b)
GDP
c)
profit
d)
bond
10.
The value of fiat currency comes from acceptance as money.
a)
true
b)
false
11.
_________ is a good used as a medium of exchange that has intrinsic value in other uses, such as gold, or cigarettes in a WWII Prisoner of War camp.
a)
Commodity Money
b)
Commodity-Backed Money
c)
Fiat Money
d)
Aggregate Money
12.
_________ is a medium of exchange whose value derives entirely from its official status of a means of payment.
a)
Fiat Money
b)
Commodity Money
c)
Commodity-Backed Money
d)
Aggregate Money