WorksheetsFundamental Principles of Money Vocabulary (Updated)
Total questions: 20
Worksheet time: 10mins
What are promissory notes issued by a Federal Reserve Bank called?
Coins
Banknotes
Credit Cards
Debit Cards
What is a form of legal tender that can be used to exchange goods, debt, or services?
Coin
Cash
Credit Card
Exchange Rate
What type of money is made with metal, stamped, and issued by the authority of government?
Banknotes
Cash
Coin
Debit Card
What was the paper currency issued by the Continental Congress called?
Banknotes
Continentals
Currencies
Fiscal Policy
What is a payment card issued by a bank to cardholders as a method of payment?
Debit Card
Credit Card
Banknotes
Coin
What is the system of money in general use in a country called?
Exchange Rate
Fiscal Policy
Currencies
Electronic Funds Transfer
What type of card provides the cardholder electronic access to their bank account?
Credit Card
Debit Card
Banknotes
Cash
What is the term for a wire transfer of money from one bank account to another?
Exchange Rate
Fiscal Policy
Electronic Funds Transfer
Coin
What is the rate at which a unit of currency of one country can be exchanged for a unit of currency of another currency?
Fiscal Policy
Exchange Rate
Currencies
Banknotes
What is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation’s economy?
Exchange Rate
Fiscal Policy
Electronic Funds Transfer
Credit Card
What defines the value of a currency unit in the Gold Standard?
Standard mass of silver
Standard mass of gold
Government regulations
Market demand
What is a government bond?
A form of equity issued by a national government
A form of debt issued by a national government
A type of currency issued by a national government
A form of tax issued by a national government
What does monetary policy involve?
Actions of a central bank to control inflation
Actions of a central bank to specify the size and rate of growth of the money supply
Actions of a central bank to increase taxes
Actions of a central bank to reduce unemployment
What is generally accepted as a medium of exchange?
Gold
Money
Bonds
Stocks
What does money demand refer to?
The desire to hold financial assets in the form of money
The desire to invest in stocks
The desire to purchase real estate
The desire to save in gold
What is money supply?
Total amount of goods available in a market
Total amount of monetary assets available in a country’s economy at a specific time
Total amount of gold reserves in a country
Total amount of foreign currency in a country
What is a personal check?
A slip of paper allowing payment from a bank account
A digital transaction method
A type of credit card
A form of electronic payment
What are Treasury Bills (T-Bills)?
Government bonds with terms of 10 years
Government bonds with terms of 4, 13, 26, or 52 weeks
Government bonds with terms of 30 years
Government bonds with terms of 5 years
What are Treasury Bonds (T-Bonds)?
Treasuries with the shortest maturities
Treasuries with the longest maturities
Treasuries with medium maturities
Treasuries with variable maturities
What are Treasury Notes (T-Notes)?
Government bonds with longer maturities than T-bonds
Government bonds with shorter maturities than T-bonds
Government bonds with the same maturities as T-bills
Government bonds with variable maturities
