Functions of Money Quiz

Functions of Money Quiz

10th Grade

15 Qs

quiz-placeholder

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Functions of Money Quiz

Functions of Money Quiz

Assessment

Quiz

Other

10th Grade

Medium

Created by

Emmanuel Enakhifo

Used 18+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which problem of barter trade has the medium of exchange function of money eliminated?

To retain its value over time

To make future payments

To measure the value of goods and services

To eliminate the need for a double coincidence of wants

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of money has intrinsic value based on the material it is made of?

Commodity Money

Quasi Money

Demand Deposit

Bank Notes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the quality of money that allows it to be easily carried around?

Acceptability

Portability

Divisibility

Durability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the concept of money that refers to the value assigned to money by the government or society?

Legal Tender

Fiduciary Issue

Intrinsic Value of Money

Extrinsic Value of Money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which row shows a characteristic of money and a function of money? 


A

B

C

D

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1.  It is expected that consumers will use less paper money. What is the most likely reason for this?  

  1.   

  1.  

  1. Inflation reduces the value of paper money.

  1. Other forms of money are more durable.  

  1. More ways of making payments will be available. 

  1. Paper money will have less intrinsic value. 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of money is a form of money that is only accepted in certain areas or among specific groups of people?

Demand Deposit

Quasi Money

Cryptocurrency

Partial Money

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