01.07 The Green and What It Means Quiz – Flashcards

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question
Anything called money will be A. Large and heavy B. Easy to create C. Scarce D. Backed by gold
answer
C. Scarce
question
Money and currency are related because A. They are interchangeable terms B. Currency is a form of money C. Money is a form of currency D. Money refers only to debts
answer
B. Currency is a form of money
question
How do we know our current money has value? A. People talk about money a lot B. It is backed by gold C. People accept it in exchange for goods or services D. It has many security measures
answer
C. People accept it in exchange for goods or services
question
Which statement shows that money is a "store of value?" A. I exchanged my dollar for ten dimes B. You can only use currency at that store C. I just used the ten dollars given to me last year D. I carried the money to the store
answer
C. I just used the ten dollars given to me last year
question
Which statement shows that money is a "measure of value?" A. This bill is worth twenty dollars B. My mp3 player is worth two hundred dollars C .The dollar I just found in my drawer is still worth a dollar D. The more gigabytes it has, the more it is worth
answer
B. My mp3 player is worth two hundred dollars
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