Why is money accepted in exchange for goods or services?
Bonds & Stocks

Quiz
•
Social Studies
•
12th Grade
•
Medium
Used 9+ times
FREE Resource
23 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a legal requirement.
Represents purchasing power and is an acceptable form of currency.
It is a tradition.
It is a form of barter.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What primarily gives money its value?
The material it is made from.
The age of the currency.
Government endorsement and its acceptance in trade.
The color and design of the currency.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is described as the most basic of all financial assets in the context of banking and economics?
Bonds
Stocks
Money
Real estate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the three functions of money?
Medium of exchange
Store of Value
Unit of Account/Standard of Value
Means of Production
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is described as a function of money where it can be saved and still hold its value over time?
Medium of exchange
Unit of account
Store of value
Standard of deferred payment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an example of money being used as a store of value?
Savings account
Stocks
Bonds
CDs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What function of money is demonstrated by comparing the market values of different items such as watches?
Medium of exchange
Store of value
Unit of account
Standard of deferred payment
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