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- 1. Multiple Choice
Easily transferred from 1 person to another, to make the exchange of money for products easier.
Durability
Portability
Divisibility
Scarcity
- 2. Multiple Choice
Money has what if it doesn't deteriorate when it is being handled?
Scarcity
Divisibility
Durability
Portability
- 3. Multiple Choice
Money has what if it can be broken down into smaller units so it can be used as needed?
Divisibility
Portability
Scarcity
Durability
- 4. Multiple Choice
What is money if it is available but only in a limited supply?
Portable
Durable
Divisible
Scarce
- 5. Multiple Choice
Money or other substance generally accepted as payment for goods and services.
Measure of value
Medium of exchange
Scarcity
Store of Value
- 6. Multiple Choice
1 of the 3 functions of money that allows it to serve as a common denominator to measure value.
Measure of value
Store of value
Divisibility
Medium of exchange
- 7. Multiple Choice
1 of 3 functions of money allowing people to preserve value for future use.
Store of value
Divisibility
Portability
Measure of value
- 8. Multiple Choice
This can be used in place of money.
Fiat money
Federal reserve notes
National currency
Trading or bartering
- 9. Multiple Choice
Privately owned, publicly controlled, central bank of the U.S.
National Bank
Federal Reserve System
State Bank
Barter Economy
- 10. Multiple Choice
What are the 3 functions of money?
Measure of Gold
Store of Value
Medium of Exchange
Store of Bank Notes
Measure of Value
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