Money - Economics Ch 10

Money - Economics Ch 10

12th Grade

25 Qs

quiz-placeholder

Similar activities

Day 1 Quiz

Day 1 Quiz

9th - 12th Grade

20 Qs

The Cold War

The Cold War

9th - 12th Grade

20 Qs

Types of Governments Quiz

Types of Governments Quiz

12th Grade

20 Qs

AP Psychology: Consiousness

AP Psychology: Consiousness

12th Grade

20 Qs

Louisiana Purchase

Louisiana Purchase

8th - 12th Grade

29 Qs

What is Liquidity & Inflation?

What is Liquidity & Inflation?

12th Grade

21 Qs

Customer service Team Building and Effective Communication

Customer service Team Building and Effective Communication

5th Grade - University

20 Qs

Money - Economics Ch 10

Money - Economics Ch 10

Assessment

Quiz

Social Studies

12th Grade

Medium

CCSS
L.1.6, L.3.6, L.4.6

+1

Standards-aligned

Created by

Joe Fox

Used 35+ times

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which one is money ?
cash
cheque
draft
all the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following is not a function of money?

Store of value

Medium of exchange

Standard of currency

Unit of account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between representative money and fiat money is that

representative money is worth more than fiat money.

fiat money is counted in coins; representative money is counted in paper dollars.

fiat money is more durable than representative money.

representative money is backed by silver or gold, ; fiat money is not.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What effect does inflation have on the purchasing power of money?

Causes it to go down

Causes it to go up

None

The effect varies depending on the time and place.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During times of hyperinflation

people often adopt something other than the official currency to use as money

people hoard the official currency

the purchasing power of the currency increases rapidly

the money supply is decreasing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a characteristic of money?

Divisibility

Portability

Acceptability

Responsibility

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ability to use an asset as a medium of exchange describes its....

portability

scarcity

durability

liquidity

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?