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6 Written questions

6 Multiple choice questions

  1. a card used to withdraw money from a bank account
  2. anything that serves as a medium of exchange, a unit of account, and a store of value
  3. failing to pay back a loan
  4. a specific type of loan that is used to buy real estate
  5. the price paid for the use of borrowed money
  6. the direct exchange of one set of goods or services for another

6 True/False questions

  1. representative moneyobjects that have value because a government has decreed that they are acceptable means to pay debts

          

  2. liquiditya person or institution to whom money is owed

          

  3. currencycoins and paper bills used as money

          

  4. money supplyall the money available in the US economy

          

  5. flat moneyanything that serves as a medium of exchange, a unit of account, and a store of value

          

  6. foreclosurea person or institution to whom money is owed

          

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