Four Attributes of Money - Questions and Answers

It gives a price to products and services. What is this attribute of money?

• Unit of account

• Store of value

• Medium of exchange

• Legal tender

It allows people to buy and sell with each other. What is this attribute of money?

• Medium of exchange

• Store of value

• Unit of account

• Measure of wealth

It helps us measure value in an economy. What is this attribute of money?

• Unit of account

• Store of value

• Medium of exchange

• Legal tender

It allows you to store the value of your work and effort. Which attribute of money is this?

• Store of value

• Unit of account

• Medium of exchange

• Divisibility

Earnings: ________ received as payment for work done.

• Money

• Applause

• Advice

• Vacations

Salaries: Money paid to an employee for ________ performed, usually given per hour, day, or per job done.

• work

• travel

• shopping

• rest

Salary: Money paid to an employee for work performed, generally on a bimonthly basis or at an annual rate regardless of the ________ worked.

• hours

• location

• position

• department

Cash: ________ money or coins.

• Paper

• Plastic

• Digital

• Metal

Savings: Money set aside for the ________ that can earn interest.

• future

• present

• past

• expenses

Interest: Money earned or paid for the use of someone else's ________, such as from a bank to the holder of a savings account.

• money

• car

• house

• book