Understanding Money
Authored by Alyssa Sineus
Business
10th Grade
Used 2+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is money?
A type of good
Anything that is acceptable in exchange for goods or services
A form of barter
Only coins and bills
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason money must be durable?
To be easily transported
To withstand physical wear and tear
To maintain a stable value
To be universally accepted
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following characteristics of money allows it to be broken down into smaller denominations?
Acceptable
Divisible
Portable
Uniformed
4.
OPEN ENDED QUESTION
3 mins • 1 pt
List three characteristics of money and explain why each is important.
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the function of money as a 'Medium of Exchange.'
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
Match the characteristics or functions of money on the left with their correct descriptions on the right by writing the letter in the blank.
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OFF
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