NEW
Font size
WorksheetsFunctions and Characteristics of Money
Total questions: 10
Worksheet time: 26mins
1. In bartering economies, people trade what they __________ for what they ___________.
Own; buy
Buy; sell
Want; need
Have; need
One of the disadvantages of operating a barter system is that trading is
taking place without currency.
carried out in very large markets.
limited by availability and demand of goods traded.
conducted without consumer protections.
_________________: a moneyless economy that relies on trade
fiat
commodity
barter
tallers
Money should be portable. This means:
You can carry it easily.
It was originally designed in a port.
It is either rectangular or circular.
It is made out of paper.
Money should be durable. This means:
You cannot light it on fire.
It must be tough so it doesn't break.
It should be cheap to mass produce.
It should be silver or gold.
Money should be limited. This means:
You can control how much of it is in use.
It shouldn't be too heavy.
You should use items such as pebbles or leaves.
It should be either rectangular or circular.
Money should be divisible. This means:
You can use smaller pieces of it if you want.
You can cut it in half and give both pieces to a vendor.
If it's lost someone must return it to you.
It must have a picture of a president on it.
Money should be durable, divisible, limited these are examples of?
functions of money
federal reserve notes
formerly used currencies
characteristics of money
Money is a medium of exchange, measure of value, and store of value these are examples of?
functions of money
federal reserve notes
formerly used currencies
characteristics of money
