Characteristics and Uses of Money

Front

Barter system is now replaced by

Back

Monetary system

Front

Which of the following is not a characteristic of money? Divisibility, Portability, Acceptability, Responsibility

Back

Responsibility

Front

Which of the following is NOT one of the characteristics of money? durable, stable, scarce, affordable

Back

affordable

Front

Currently, what is U.S. money backed by?

Back

Trust that it is worth something

Front

This characteristic of money refers to the ability to carry it with you---lightweight and easy to transport.

Back

portability

Front

Easily transferred from 1 person to another, to make the exchange of money for products easier.

Back

Portability

Front

Money has ______ if it can be broken down into smaller units so it can be used as needed.

Back

Divisibility

Front

Money has ______ if it doesn't deteriorate when it is being handled frequently.

Back

Durability

Front

One of three functions of money allowing people to preserve value for future use.

Back

Store of value

Front

Choose the most accurate definition of "money".

Back

Money is anything generally accepted in payment for goods or services or in the repayment of debts.