NAME

Question types


Start with


Question limit

of 18 available terms

Advertisement Upgrade to remove ads
Print test

6 Written questions

6 Multiple choice questions

  1. anything that serves as a medium of exchange, a unit of account, and a store of value
  2. the ability to be used, or directly converted to cash
  3. objects that have value in and of themselves and are also used as money
  4. objects that have value because a government has decreed that they are acceptable means to pay debts
  5. a person or institution to whom money is owed
  6. a card used to withdraw money from a bank account

6 True/False questions

  1. fractional reserve bankinga banking system that keeps only a fraction of its funds on hand and lends out the remainder

          

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

          

  3. foreclosurea person or institution to whom money is owed

          

  4. medium of exchangea card used to withdraw money from a bank account

          

  5. principala person or institution to whom money is owed

          

  6. defaultfailing to pay back a loan

          

Create Set