Money, Banking, & Monetary Policy

Money, Banking, & Monetary Policy

12th Grade

10 Qs

quiz-placeholder

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Money, Banking, & Monetary Policy

Money, Banking, & Monetary Policy

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Kyle Anderson

Used 1K+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

Which of these items are considered commodities?

oil

water

agricultural crops

precious metals like gold

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

Media Image

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

Media Image

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

Media Image

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

Media Image

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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