Module 2: Financial Institutions

Module 2: Financial Institutions

12th Grade

15 Qs

quiz-placeholder

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Module 2: Financial Institutions

Module 2: Financial Institutions

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Justin Wood

Used 4+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money or other substance generally accepted as payment for goods and services.

Measure of value

Medium of exchange

Scarcity

Store of Value

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the 3 functions of money?

Measure of Gold

Store of Value

Medium of Exchange

Store of Bank Notes

Measure of Value

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A saving account in a bank represents the function of money:

Store of value

A medium of exchange

A standard for deferred payments

A measure of value

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following statements explain why a barter system restricts exchange?

There must be a coincidence of wants

It is difficult to divide certain commodities

The commodities used are not homogeneous

A rate of exchange must be determined

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the function is NOT a function of money?

Indivisibility

Measure of value

Store of value

Medium of exchange

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything of value

asset

equity

liability

medium of exchange

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is NOT a characteristic of money? 
Divisible
Portable
Acceptable
Accessible

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