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Mic2: Commodity money, Fiat money, Specie, characteristics of money
By Jeffrey See
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Last updated over 6 years ago
5 questions
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Question 1
1.
Question 2
2.
Question 3
3.
Question 4
4.
Question 5
5.
Which of the following items is
NOT
considered commodity money?
Salt
A ten dollar bill
Cattle
Tea leaves
What kind of money has no intrinsic value and is simply money because the government says so?
Specie
Fiat money
Travelers checks
Commodity money
Which
characteristic of money
is most important in helping money keep its value?
Limited supply
Durability
Portability
Divisibility
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
Using debit cards for most of our purchases is focusing on which
characteristic of money
?
Divisibility
Limited supply
Portability
Durability