Barter System & Functions of Money

Quiz
•
Business
•
7th - 11th Grade
•
Medium
Khadine Sterling
Used 752+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Easily transferred from one person to another, to make the exchange of money for goods/services easier
Durability
Divisibility
Portability
Scarcity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money has what if it doesn't deteriorate when it is being handled?
Scarcity
Divisibility
Durability
Portability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money has what if it can be broken down into smaller units so it can be used as needed?
Divisibility
Portability
Scarcity
Durability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is money if it is available but only in a limited supply?
Portable
Durable
Divisible
Scarce
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money or other items generally accepted as payment for goods and services.
Measure of value
Medium of exchange
Scarcity
Store of Value
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This can be used in place of money.
Fiat money
Cash
National currency
Trading or bartering
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What are the functions of money?
Unit of account
Store of Value
Medium of Exchange
Store of Bank Notes
Measure of Value
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