Social 9 Review 2 Sem Mid

Who made the first coins during the 600s B.C.?

• Chinese

• Thai

• Lydians

• Filipino

Who made the first paper banknotes?

• Chinese

• Thai

• Lydians

• Filipino

It used as money throughout Asia, Africa and Oceania.

• Cowrie shells

• Pearly shells

• Olive shells

• Oyster shells

How many functions does money have?

• 1

• 2

• 3

• 4

Which of these functions of money accepts it in exchange for goods or services?

• Medium of exchange

• Unit of accounting

• Store of value

• Market basket

Which of these functions of money allows people to compare the value of goods and services?

• Medium of exchange

• Unit of accounting

• Store of value

• Market basket

Which of these functions of money can sell something such as their labor and store?

• Medium of exchange

• Unit of accounting

• Store of value

• Market basket

It is the broadest measure of the economy’s size.

• GDP

• NDP

• Inflation

• CPI

It is another way to measure the economy.

• GDP

• NDP

• Inflation

• CPI

It is a prolonged rise in the general price level of goods and services.

• GDP

• NDP

• Inflation

• CPI