Functions of Money Quiz
Quiz
•
Other
•
10th Grade
•
Medium

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
Which row shows a characteristic of money and a function of money?
A
B
C
D
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is expected that consumers will use less paper money. What is the most likely reason for this?
Inflation reduces the value of paper money.
Other forms of money are more durable.
More ways of making payments will be available.
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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