What is the primary reason money holds value?
Money, A Global Game of Trust

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Life Skills, Business, Social Studies
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11th Grade - University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a collective agreement of value.
It can be used as food or shelter.
It is backed by gold reserves.
It is made of precious materials.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why was commodity money considered inconvenient?
It was too valuable.
It had no practical use.
It was not widely accepted.
It was difficult to transport and store.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main reason for choosing gold as a currency?
It is the most abundant metal.
It is easy to find and extract.
It has ideal physical properties for currency.
It is the most beautiful metal.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What innovation did the first coins introduce?
They were made of paper.
They were made of silver.
They were used only in Turkey.
They had a royal seal guaranteeing their value.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role did banks play in the evolution of money?
They printed the first paper money.
They determined the value of gold.
They created the first coins.
They provided a safe place to store coins.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did people prefer promissory notes over gold coins?
They were more valuable.
They were harder to counterfeit.
They were backed by silver.
They were lighter and more convenient.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do governments reinforce trust in paper money?
By printing more money.
By making it colorful.
By including images of respected figures.
By using high-quality paper.
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