WorksheetsFundamental Principles of Money - Money Basics
Total questions: 15
Worksheet time: 15mins
Money can be used to intermediate the exchange of goods and service. This describes which of the following basic functions of money?
Medium of exchange
Store of value
Unite of accounts
Standard of deferred payments
A torch is featured on the reverse of which of the following types of U.S. coins?
Penny
Nickel
Dime
Quarter
A $20 bill features which of the following on the reverse?
U.S. Treasury
White House
U.S. Capital
Independence Hall
Which of the following treasuries are NOT a type of government bond?
Treasury bonds
Treasury funds
Treasury bills
Treasury notes
Which of the following is a slip of paper which allows the user to make a payment from his or her bank account to a business or individual?
Cash
Debit card
Personal check
Credit card
What building is on the back of the $10 bill?
Washington Monument
Lincoln Memorial
US Treasury
Jefferson Memorial
What building is on the back of the $5 bill?
Washington Monument
Lincoln Memorial
Federal Reserve
White House
Whose face is on the $5 bill?
Thomas Jefferson
Abraham Lincoln
Franklin D. Roosevelt
John F. Kennedy
Whose face appears on the $20 bill?
John F. Kennedy
William McKinley
Andrew Jackson
James Madison
Whose face is on the half dollar?
Lyndon B. Johnson
George Washington
Thomas Jefferson
John F. Kennedy
Whose face appears on the $100 dollar bill?
James Madison
William McKinley
Joseph Biden
Benjamin Franklin
Whose face appears on the $1 bill?
George Washington
Abraham Lincoln
Thomas Jefferson
Andrew Jackson
Which of the following treasuries are NOT a type of government bond?
Treasury bonds
Treasury funds
Treasury bills
Treasury notes
Select all the statements that are true
Coins were made out of precious metals such as gold and silver
Coins provided a standardized way to measure the value of goods and services
Precious metal coins had intrinsic value
All of the above
A financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.
Bank
Check cashing centers
Line of credit
Automatic bill payment services
