Money

Question 1

In the United States, dollar bills, nickels, and dimes are

Revolt · Accepted Answer

different denominations.

Question 2

Exchange rates can indicate economic health by

Revolt · Accepted Answer

showing the relative strength of different nations’ currencies.

Question 3

The condition of a country’s depends on its people’s ability to exchange money for goods and services.

Question 4

What might cause a change in the value of fiat money?

Revolt · Accepted Answer

a change in government regulations

Question 5

What is true of representative money? Check all that apply.

Question 6

To barter means to

Revolt · Accepted Answer

trade.

Question 7

How is using money related to bartering?

Revolt · Accepted Answer

It is a substitute for bartering.

Question 8

What is one problem that might commonly occur when one is bartering?

Revolt · Accepted Answer

Two people have different ideas about the value of an item.

Question 9

What is a potential disadvantage of using debit cards when compared to barter and traditional currency?

Revolt · Accepted Answer

ease of overspending

Question 10

What gives commodity money its value?

Revolt · Accepted Answer

the type of material with which it is made

Money Answers