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Money Quiz
Solution
MCQ Questions
Q.1.
showing the relative strength of different nations' currencies.
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Which is an example of a demand account?
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Exchange rates can indicate economic health by
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What is one problem that might commonly occur when one is bartering?
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What gives commodity money its value?
Q.2.
the type of material with which it is made
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How is using money related to bartering?
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What gives commodity money its value?
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Which is an example of a demand account?
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What is one problem that might commonly occur when one is bartering?
Q.3.
checking account
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Which is an example of a demand account?
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What gives commodity money its value?
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What kind of money is a gold certificate considered to be?
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How is using money related to bartering?
Q.4.
they do not want to carry around large amounts of cash.
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What gives commodity money its value?
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People might choose to use a debit card rather than cash for purchases because
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What is one problem that might commonly occur when one is bartering?
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What would happen if currency in all countries had fewer denominations?
Q.5.
1,3,4
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What would happen if currency in all countries had fewer denominations?
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What is one problem that might commonly occur when one is bartering?
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What kind of money is a gold certificate considered to be?
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What is true of representative money? Check all that apply
Q.6.
People could not charge as many different prices for goods.
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What is one problem that might commonly occur when one is bartering?
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What would happen if currency in all countries had fewer denominations?
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What kind of money is a gold certificate considered to be?
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People might choose to use a debit card rather than cash for purchases because
Q.7.
A woman offers her neighbor a US silver dollar in exchange for a bicycle.
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Exchange rates can indicate economic health by
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Which is an example of a demand account?
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What is one problem that might commonly occur when one is bartering?
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Which of these scenarios involves commodity money?
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