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Money Quiz 11 (25 MCQs)

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1. Counterfeiting money is a felony crime resulting in how many years in prison?

2. The money an investor receives above and beyond the money initially invested is called

3. The tools and strategies used to stabilize the economy

4. Money must have which of these characteristics

5. Our central bank is also known as the

6. Which part of the Fed has 7 members?

7. The Masaai measure their wealth in _____

8. Suppose Alex owns a bond with a current return of 6 percent. New bonds issued have a 4 percent return. What has happened to the face value of Alex's bond?

9. Which part of the Fed is also known as the FOMC?

10. When money prices are used to facilitate comparisons of value, money is said to function as a

11. A PIN (Personal Identification Number) is required to make a purchase.

12. When people hold money, theyare using money to maintain value until theywant to exchange that value for a good or service.A) Measure of ValueB) Store of ValueC) Medium of Exchange

13. Which of the following is NOT an example of Fiat money?

14. The central bank of the United States that is responsible for regulating the banking industry, interest rates, and the money supply

15. A person who looks at a company's financial statements and trends in the economy to make decisions illustrates what style of investing?

16. Lucie wants to save money. What can she do without?

17. The Rule of 72 is used to find how long an it will take for

18. In which market can you buy and sell money for other kinds of money (e.g., U.S. dollars for euros)?

19. A place to keep money safe

20. Sarah goes to Chick fil a and buys lunch. In this transaction Sarah used her money in what way?

21. Money must be easy to carry, which means it means which characteristic?

22. The amount of currency in circulation in an economy.

23. Currency notes and coins are called as:

24. The bank is a _____ place to keep money.

25. If we put RM25 in our piggy bank and two weeks later, we still have RM25. What function has money fulfilled?

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Money Quiz 11 (25 MCQs)

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