NEW
Font size
WorksheetsMoney
Total questions: 10
Worksheet time: 5mins
The functions of money are?
Pricing, contract, and means of payment
Medium of exchange, store of value, Unit of account.
Medium of exchange and ability to buy goods
Medium of exchange, unit of account, and means of payment.
The $1million dollar price of a car is an example of money as a;
Time deposit
Store of value
Medium of exchange
None of the above
Which of the following can be defined as money;
Credit card
Debit card
Cheques
All of the above
Which of the following is a disadvantage of the barter system
Difficult to measure value
Easy to store
Is a not a legal tender
All of the above
Which of the following came first in the timeline of money?
Gold
Cowry Shells
Bitcoin
Coins
Anything accepted as a medium of exchange is called?
Paper
Trade
Mioney
Finance
The feature of money that says it must be identical in size, look and weight is call?
Acceptable
Divisible
Homogenous
Portable
John told Suzy that money must be able to pass around without being destroyed, this means that money is?
Acceptable
Divisible
Portable
Durable
If I giveaway my flat screen tv for a tablet, this would be called;
Counter trade
Trade
Barter
Exchange
Barter cannot function well because?
Goods are not always divisible
transaction's cost are small
goods are always the same size
none of the above
n
