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The roles and characteristics of money

Quiz by Tammy Horne

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14 questions
Show answers
  • Q1
    What is one of the functions of money?
    Physical Form
    Historical Value
    Limited Supply
    Unit of Account
    30s
  • Q2
    Which of the following is a characteristic of money?
    Portability
    Durability
    Scarcity
    Uniformity
    30s
  • Q3
    Which of the following is a role of money?
    Medium of Exchange
    Legal Tender
    Store of Value
    Unit of Account
    30s
  • Q4
    Which of the following is a characteristic of money?
    Authority
    Intrinsic Value
    Issuer
    Acceptability
    Divisibility
    30s
  • Q5
    What is the primary function of money?
    Store of Value
    Unit of Account
    Legal Tender
    Medium of Exchange
    30s
  • Q6
    What is the role of money as a unit of account?
    Being widely accepted
    Setting prices and comparing values
    Facilitating transactions
    Preserving purchasing power
    30s
  • Q7
    Which of the following is a characteristic of money?
    Portability
    Durability
    Infinite Supply
    Barterability
    30s
  • Q8
    What is the role of money in an economy?
    Unit of account
    Medium of exchange
    Store of value
    Reserve currency
    30s
  • Q9
    Which of the following is a function of money?
    Tangible asset
    Unit of account
    Limited supply
    Social currency
    30s
  • Q10
    Which of the following is NOT a characteristic of money?
    Infinite Supply
    Acceptability
    Divisibility
    Portability
    30s
  • Q11
    Which of the following is NOT a function of money?
    Barterability
    Medium of exchange
    Store of value
    Unit of account
    30s
  • Q12
    What is the characteristic of money that refers to its ability to be divided into smaller units?
    Scarcity
    Intrinsic value
    Divisibility
    Durability
    30s
  • Q13
    Which of the following is a characteristic of money that refers to its ability to withstand wear and tear?
    Fungibility
    Durability
    Divisibility
    Portability
    30s
  • Q14
    Which of the following is a characteristic of money that refers to its universal acceptance?
    Durability
    Acceptability
    Divisibility
    Fungibility
    30s

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