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Fundamentals of Money

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

What does PYF stand for?

a)

Pay Yourself Finally

b)

Perhaps Your Fail

c)

Pretty, You Fine

d)

Pay Yourself First

2.

something generally accepted as a medium of exchange, a measure of value or a means of payments (Merriam-Webster Dictionary)

a)

Monetary Policy

b)

Money

c)

Gold

d)

Money Demand

3.

rate at which a unit of currency of one country can be exchanged for a unit of currency of another currency

a)

Monetary Policy

b)

Fiscal Rate

c)

Exchange Rate

d)

Gold Standard

4.

system of money in general use in a country

a)

Currencies

b)

Coin

c)

Cash

d)

Banknotes

5.

means by which a government adjusts its spending levels and tax rates to monitor and influence a nation’s economy

a)

Monetary Policy

b)

Exchange Rate

c)

Personal Check

d)

Fiscal Policy

6.

type of money made with metal, stamped and issued by the authority of government

a)

Electronic Funds. Transfer

b)

Coins

c)

Banknotes

d)

Cash

7.

actions of a central bank, currency board or regulatory committee specifying the size and rate of growth of the money supply

a)

Monetary Policy

b)

Money Demand

c)

Fiscal Policy

d)

Fiscal Exchange Rate

8.

promissory notes issued by a Federal Reserve Bank

a)

Currencies

b)

Government Bonds

c)

T-Bill

d)

Banknotes

9.

standard mass of gold defines the value of a currency unit

a)

Exchange Rate

b)

Gold Policy

c)

Gold Standard

d)

Money Demand

10.

form of debt issued by a national government

a)

Government Bond

b)

Continentals

c)

Banknotes

d)

Money Supply

11.

paper currency issued by the Continental Congress

a)

Gold Standard

b)

Presidential

c)

Congress

d)

Continentals

12.

type of treasuries which have the longest maturities of all government bonds

a)

Treasury Bills

(T-Bills)

b)

Treasury Bonds

(T-Bonds)

c)

Treasury Notes

(T-Notes)

d)

Currencies

13.

desired holding of financial assets in the form of money– cash and bank deposit

a)

Money Supply

b)

Debit Card

c)

Money Demand

d)

Fiscal Policy

14.

type of government bond issued with shorter maturities than T-bonds

a)

Treasury Bills (T-Bills)

b)

Electronic Funds Transfer

c)

Treasury Bonds (T-Bonds)

d)

Treasury Notes (T-Notes)

15.

government bonds issued with terms of four, 13, 26 or 52 weeks

a)

Money Demand

b)

Treasury Bonds (T-Bonds)

c)

Treasury Notes (T-Notes)

d)

Treasury Bills

(T-Bills)

16.

form of legal tender which can be used to exchange goods, debt or services

a)

Debit Card

b)

Cash

c)

Personal Check

d)

Credit Card

17.

payment card which provides the cardholder electronic access to their bank account

a)

Cash

b)

Personal Check

c)

Credit Card

d)

Debit Card

18.

payment card issued by a bank to cardholders as a method of payment

a)

Credit Card

b)

Debit Card

c)

Personal Check

d)

Cash

19.

slip of paper which allows the user to make a payment from his or her bank account to a business or individual

a)

Credit Card

b)

Debit Card

c)

Personal Check

d)

Cash

20.

wire transfer of money from one bank account to another

a)

Debit Card

b)

Credit Card

c)

Cash

d)

Electronic Funds Transfer

21.

total amount of monetary assets available in a country’s economy at a specific time

a)

Money Demand

b)

Continentals

c)

Money Supply

d)

Gold Standard

22.

(Multiple Answers) Which of the following is an example of an

Electronic Funds Transfer?

a)

Cash app

b)

Chat GBT

c)

Corro

d)

Paypal

23.

What President is on the Penny and the Five Dollar Bill?

a)

George Washington

b)

Thomas Jefferson

c)

Samuel Jackson

d)

Abraham Lincoln

24.

What color is the $5 Bill?

a)

Blue

b)

Green

c)

Orange

d)

Pink

25.

are short-term loans sold to operate the U.S. government. Amounts invested range from $1,000 to $5 million per investor. (Also known as T-Bills.)

a)

Treasury Continentals

b)

Treasury Bills

c)

Treasury Bonds

d)

Treasury Toast