What is one of the main roles of money in the economy?

Functions of Money in Economics

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Business
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9th - 10th Grade
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Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To create wealth
To eliminate trade
To serve as a medium of exchange
To increase inflation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does money as a medium of exchange benefit trade?
It eliminates the need for a double coincidence of wants
It increases the price of goods
It reduces the variety of goods available
It complicates the trading process
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is required for a barter system to work effectively?
A single currency
A double coincidence of wants
A high level of inflation
A large variety of goods
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is money considered a store of value?
It can be exchanged for any good
It increases in value with inflation
It retains value over time
It can be used immediately
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What effect does inflation have on money as a store of value?
It has no effect
It increases the value of money
It decreases the value of money
It stabilizes the value of money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why can't a baker store his wealth in bread?
Bread is too valuable
Bread is a form of currency
Bread will go stale
Bread increases in value over time
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does money function as a unit of account?
By facilitating future payments
By storing wealth
By allowing value comparison of goods and services
By increasing the price of goods
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