This quiz works best with JavaScript enabled. Home > Finance > General > Money – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Money Quiz 15 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Roman Emperors ..... their money. A) Hoarded. B) Invested. C) Inflated. D) Deflated. Show Answer Correct Answer: C) Inflated. 2. Which of these is not a characteristic of currency? A) Durability. B) Acceptibility. C) Uniformity. D) Liquidity. Show Answer Correct Answer: D) Liquidity. 3. When money stays the same, it is considered as what? A) Transportable. B) Durable. C) Unable to counterfeit. D) Divisible. Show Answer Correct Answer: B) Durable. 4. The value lost when one alternative is chosen over another A) Opportunity Cost. B) Voluntary Exchange. C) Specialization. D) Scarcity. Show Answer Correct Answer: A) Opportunity Cost. 5. Which of the following is responsible for guaranteeing compensation for a specific loss or damage? A) Building societies. B) Central bank. C) Commercial bank. D) Insurance companies. Show Answer Correct Answer: D) Insurance companies. 6. Kevin purchasing concert tickets with his debit card is an example of the ..... function of money. A) Medium of exchange. B) Unit of account. C) Store of value. D) Specialization. Show Answer Correct Answer: A) Medium of exchange. 7. Government issued bonds are basically considered A) An IOU. B) A loan. C) Savings. D) Interest. Show Answer Correct Answer: A) An IOU. 8. Money is used because: A) It serves as a unit of account. B) Good 'store of value'. C) Makes lending and borrowing easy, compared to using 'things'. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. Means of comparing goods and services A) Medium of Exchange. B) Unit of Account. C) Store of Value. D) Uniformity. Show Answer Correct Answer: B) Unit of Account. 10. What kind of interest includes "interest paid on interest" ? A) Simple interest. B) Compound interest. C) Complex interest. D) Profit. Show Answer Correct Answer: B) Compound interest. 11. Which is an example of discretionary spending? A) Social Security. B) Medicare. C) Food stamps. D) NASA Program. Show Answer Correct Answer: D) NASA Program. 12. Everything else held constant, a decline in interest rates will cause spending on housing to A) Fall. B) Remain unchanged. C) Either rise, fall, or remain the same. D) Rise. Show Answer Correct Answer: D) Rise. 13. Exchange of one good or service for another A) Barter. B) Money. C) Swindling. D) Theft. Show Answer Correct Answer: A) Barter. 14. Money thai is issued by the authority of the government is called- A) Full bodied money. B) Fait money. C) Fuduciary money. D) All the above. Show Answer Correct Answer: B) Fait money. 15. Which of the following can cost you money in large interest payments? A) Debit card. B) Credit card. C) A checking account. D) A saving account. Show Answer Correct Answer: B) Credit card. 16. Which of the following does the Federal Reserve use to regulate the nation's money supply? A) Fiscal policy. B) Proposing legislation. C) Monetary policy. D) Regulations. Show Answer Correct Answer: C) Monetary policy. 17. Banks are considered: A) Debt instruments. B) Equity instruments. C) Financial institutions. D) None of above. Show Answer Correct Answer: C) Financial institutions. 18. Supply of money refers to quantity of money A) As on 31st march. B) As on any point of time. C) During fiscal year. D) During period of time. Show Answer Correct Answer: B) As on any point of time. 19. Kanye has $ 12, 000 in cash and he deposits it in Kardashian National Bank. How much does M1 change? A) $ 12, 000 x the monetary multiplier. B) $ 12, 000. C) It doesn't change, cash and checks are both M1. D) $ 12, 000 less the required reserves. Show Answer Correct Answer: C) It doesn't change, cash and checks are both M1. 20. What is the purpose of credit cards? A) To let you buy goods whether you have the money or not. B) To only let you buy goods/services if you have the money. C) To give you discounts on goods/services. D) To allow you to borrow money from the bank. Show Answer Correct Answer: A) To let you buy goods whether you have the money or not. ← PreviousNext →Related QuizzesFinance QuizzesMoney Quiz 1Money Quiz 2Money Quiz 3Money Quiz 4Money Quiz 5Money Quiz 6Money Quiz 7Money Quiz 8Money Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books