Money

Question 1

People might choose to use a debit card rather than cash for purchases because

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they do not want to carry around large amounts of cash.

Question 2

Which of these scenarios involves commodity money?

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A woman offers her neighbor a US silver dollar in exchange for a bicycle.

Question 3

A currency’s exchange rate is

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its changing value relative to other currencies.

Question 4

Exchange rates can indicate economic health by

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showing the relative strength of different nations’ currencies.

Question 5

A currency is a system of money created and used by

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a nation or region of the world.

Question 6

What types of money are included in the M2 category? Check all that apply.

Question 7

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

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different denominations.

Question 8

What would happen if currency in all countries had fewer denominations, i.e. fewer varieties of coins or numbers of bills?

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People could not charge as many different prices for goods.

Question 9

To barter means to

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trade.

Question 10

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

Revolt · Accepted Answer

a change in government regulations

Money Answers