Money, Banking, & Monetary Policy
Quiz
•
Social Studies
•
12th Grade
•
Hard
Kyle Anderson
Used 1K+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of these items are considered commodities?
oil
water
agricultural crops
precious metals like gold
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When measuring the benefit provided by a good or service, this can be identified as
economic value
intrinsic value
opportunity cost
subjective value
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Value that is based on an opinion of a person, society, etc. is what type of value?
economic value
intrinsic value
subjective value
speculative value
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Intrinsic value is best defined by which of the follow?
value that is measured by an opinion
value that is measured by the thought that the price of the good will rise in the future
a general statement on the usefulness of a good or service
value that is based on scarcity, usefulness, and the labor and materials that went into production
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When people or groups purchase items with the thought that the value will increase, items like oil or gold, what type of value is this describing?
speculative value
intrinsic value
subjective value
objective value
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of these are functions of money?
medium of exchange that allows the trade of goods and services
holds value over time
standard of value that allows comparison of the value of goods related to one another
used as the only means of trade between nations
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of money that is backed by a material, such as gold, is referred to as
certificate money
representative money
fiat money
commodity money
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