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Mic2: Commodity money, Fiat money, Specie, characteristics of money

Last updated about 6 years ago

5 questions

1

1

1

1

1

Question 1

1.

Which of the following items is NOT considered commodity money?

Salt

A ten dollar bill

Cattle

Tea leaves

Question 2

2.

What kind of money has no intrinsic value and is simply money because the government says so?

Specie

Fiat money

Travelers checks

Commodity money

Question 3

3.

Which characteristic of money is most important in helping money keep its value?

Limited supply

Durability

Portability

Divisibility

Question 4

4.

The fact that we have $100's, $50's, $20's, and $10's, is focusing on which characteristic of money?

Portability

Durability

Divisibility

Limited supply

Question 5

5.

Using debit cards for most of our purchases is focusing on which characteristic of money?

Divisibility

Limited supply

Portability

Durability