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Worksheets

Money

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which of the following is NOT a function of money?

a)

Store of value

b)

Unit of account

c)

Medium of exchange

d)

Exchange of debt

2.

The fact that a $10 bill received today will still be worth $10 100 years from now is an example of which function of money?

a)

Store of value

b)

Unit of account

c)

Medium of exhange

3.

This type of money is valuable because it is made of something valuable.

a)

Commodity money

b)

Representative money

c)

Fiat money

4.

This type of money consists of a certificate or token that can be exchanged for an item of value.

a)

Commodity money

b)

Representative money

c)

Fiat money

5.

This type of money does not have any intrinsic value and does not represent an asset in a vault.

a)

Commodity money

b)

Representative money

c)

Fiat money

6.

This type of money is considered legal tender and gets its value from the people's faith in the government.

a)

Commodity money

b)

Representative money

c)

Fiat money

7.

The fact that people will allow you to buy items with a $20 bill is an example of which characteristic of money.

a)

Durability

b)

Portability

c)

Divisibility

d)

Uniformity

e)

Acceptability

8.

The fact that a $20 bill can be exchanged for a 10, a 5 and 5 ones is an example of which characteristic of money?

a)

Durability

b)

Portability

c)

Divisibility

d)

Uniformity

e)

Acceptability

9.

Our money supply is limited in an attempt to control its value. This is an example of which characteristic of money?

a)

Durability

b)

Portability

c)

Divisibility

d)

Scarcity

e)

Acceptability

10.

The fact that your currency fits easily into your pocket, wallet or purse is an example of which characteristic of money?

a)

Durability

b)

Portability

c)

Divisibility

d)

Scarcity

e)

Acceptability