Functions of Money
Quiz
•
Business
•
11th - 12th Grade
•
Practice Problem
•
Hard
Dave Gledhill
Used 18+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT one of the functions of money?
Store of value
Exchange for goods and services
Legal tender
Illegal tender
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is a disadvantage of the bartering system?
Relies on supply and demand in the same place.
No set value of assets
Unable to store value of assets over time
All of the other answers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is (on average) the MOST expensive life event?
Wedding
Raising a child from birth to 18
Buying a house in the UK
Funeral
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these was NOT one of the six influences on our attitudes to spending?
Life stages
Culture
External Influences
Current bank balance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these would be an example of an external influence?
Social media influencer
Personal beliefs
Culture
Life stage
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is a key difference between personal and business finance?
Individual vs Collective responsibility for finances
Financal products
Online banking
Income and expenditure
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is a similarity between personal and business finance?
Tax rates
Some financial products
The way that transactions are recorded
Having to register with companies house
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