ECON_Chapter 10: Money and Banking
Quiz by Vasquez_BGHS
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
30 questions
Show answers
- Q1moneyanything that serves as a medium of exchange, a unit of account, and a store of value30s
- Q2medium of exchangeanything that is used to determine value during the exchage of goods and services; buying food with a money30s
- Q3barterthe direct exchage of one set of goods or sevices for another30s
- Q4unit of accounta means for comparing the values of goods and services; comparison of $35 jacket at one store and $30 jacket at another store30s
- Q5store of valuesomething that keeps its value if it is stored rather than used; piggy bank30s
- Q6currencycoins and paper bills used as money30s
- Q7commodity moneyobjects that have value in themselves and that are also used as money; chicken30s
- Q8representative moneyobjects that have value becuase the holder can exchage them for something else of value; silver certificate30s
- Q9fiat moneymoney that has value because the government has ordered that it is an acceptable means to pay debts; "legal tender"30s
- Q10bankan institution for receiving, keeping, and lending money30s
- Q11FDIC (Federal Deposit Insurance Corporation)the government agency that insures customers' deposits if a bank fails;30s
- Q12credit carda card entitling its holder to buy goods and services based on the holders's promise to pay for these goods and sevices30s
- Q13interestthe price paid for the use of borrowed money30s
- Q14principalthe amount of money borrowed30s
- Q15debit carda card used to withdraw money30s