Functions Of Money Quizzes, Questions & Answers

Dive into the essential Functions of Money quiz! Read more

Top Trending Functions Of Money Quizzes

Explore the fundamentals of economics through the 'Monetary System Quiz'. This quiz assesses understanding of barter systems, the functions of money, the nature of U.S. currency, and the components of M1. It's ideal for learners...

Questions: 25 | Attempts: 306 | Last updated: Mar 20, 2025

Sample Question 1
Barter

Is more efficient than money

Makes trading easier than money.

Allows greater specialization than money

None of the above is correct.

Sample Question 2
Which of the following best illustrates the unit of account function of money?

You list prices for candy sold on your Web site, sweet-treats.com, in dollars.

You pay for tickets to a WNBA game with dollars.

You keep $10 in your backpack for emergencies.

None of the above is correct.

Chapter 1. Money And Banking

Explore the fundamentals of money and banking in this quiz. Topics include defining money, its primary functions, and examples of money as a medium of exchange and a store of value. Ideal for students and professionals in finance...

Questions: 30 | Attempts: 277 | Last updated: Mar 21, 2025

Sample Question 1
Which of the following is not one of the basic functions of money?

A. A means of calculating real value

B. A store of value

C. A standard of deferred payments

D. A method of saving

Sample Question 2
Which of the following is the best example of how money is used as a medium of exchange?

A. Exchange rates

B. Interest rates

C. Real prices

D. Nominal prices