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WorksheetsCh2 Role of Money
Total questions: 11
Worksheet time: 6mins
What is the term that means that in the United States the government has deemed it to be MONEY?
None of these
medium money
value money
fiat money
Based on Exchange Rate table (Figure 1, p34) what country has the "Pound" currency?
Australia
EURO
United Kingdom
Japan
Based on Exchange Rate table (Figure 1, p34) what country has the "Yen" currency?
China
EURO
United Kingdom
Japan
Based on Exchange Rate table (Figure 1, p34) all of these countries have the "dollar" currency, except?
Australia
Canada
Sweden
United States
All of these are main functions of Money, except?
medium of exchange
store of value
balance budget
unit of value
Which money function helps you compare prices on the goods you want to buy?
Unit of Value
Store of Value
None of these
both of these
True or False: Based on the Functions of Money, Can Gold be Money?
Yes
No
How is the Dollar when the US Dollar has risen to a high exchange rate compared to another country's currency?
Strong Dollar
Weaker Dollar
How is the dollar when the exchange rate is higher than another. Example the US Dollar is higher than a Mexican Peso? (It will take less than a US Dollar to buy a soda in Mexico.)
Stronger Dollar
Weaker Dollar
How is the Dollar when the US Dollar has fallen in value compared to another country's currency?
Strong Dollar
Weaker Dollar
How is the dollar when the exchange rate is lower than another. Example the US Dollar is lower than an EURO? (It will take more than a US Dollar to buy a soda in Europe.)
Stronger Dollar
Weaker Dollar
