Money, Federal Reserve, Banking, Credit Cards Review

Money, Federal Reserve, Banking, Credit Cards Review

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

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35 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is money?

Back

A medium of exchange

2.

FLASHCARD QUESTION

Front

What is the money supply?

Back

The total amount of money in circulation or in existence in a country.

3.

FLASHCARD QUESTION

Front

What are the three uses of money?

Back

Medium of exchange, store of value, unit of account

4.

FLASHCARD QUESTION

Front

What is the characteristic of money that makes it easy to carry?

Back

Portability

5.

FLASHCARD QUESTION

Front

What is the characteristic of money that allows it to withstand wear and tear?

Back

Durability.

6.

FLASHCARD QUESTION

Front

What is the characteristic of money that allows it to be divided into smaller denominations?

Back

The characteristic of money that allows it to be divided into smaller denominations is called divisibility.

7.

FLASHCARD QUESTION

Front

Who is the current FED chairman?

Back

The current FED chairman is Jerome Powell.

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