Money and Budgeting
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•34 Qs
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Money and Budgeting
Quiz
•
Financial Education
•
12th Grade
•
Practice Problem
•
Medium
Dominick Petrosillo
Used 11+ times
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34 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Money must be...
Medium of Exchange
Unit of Account
Backed by Gold
Store of value
2.
OPEN ENDED QUESTION
3 mins • 1 pt
Medium of Exchange...explain.
Evaluate responses using AI:
OFF
3.
OPEN ENDED QUESTION
3 mins • 1 pt
Unit of Account...explain
Evaluate responses using AI:
OFF
4.
OPEN ENDED QUESTION
3 mins • 1 pt
Store of Value...explain
Evaluate responses using AI:
OFF
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money has value because...
It is made from rare and precious materials
Governments can make more indefinitely without any consequences
It is necessary for bartering exchanges
People accept it as payment for goods ^ services
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
For something to work well as money it must be these 4 things in addition to being durable & stable:
Precious
7.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain why money(currency) needs to be Divisible
Evaluate responses using AI:
OFF
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