Share Intermediate Money Quiz
Save to Folder
The first coins were found in:
China
Rome
Thailand
Lydia
Barter means:
Trading goods directly
Using gold bars to pay
Paying later
Giving money to a bank
Paper money was first invented in:
Mexico
Egypt
India
China
“Salary” originally comes from which word?
Salt
Sand
Sales
Silver
A commodity is:
Something that has no value
A type of bank
Something with value itself
A loan application
What is fiat money?
Money that can only be spent online
Money made of metal
Money backed by gold
Money that has value because people trust it
Which group prints physical banknotes and coins?
Commercial banks
Governments
Central banks
Credit card companies
Digital money includes:
Bananas
RuneScape coins
Gold coins
Online bank transfers
A bank “deposit” means:
Money you bury in the ground
Money you put in
Money you take out
A loan from the bank
A bank “withdrawal” means:
Asking for a loan
Money you take out
Counting coins
Money you put in
Fractional reserve banking means:
Banks never lend money
Banks keep all deposits in a vault
Banks accept only gold
Banks keep only part of deposits
Which one is an advantage of banks?
They destroy money
They lend money to people
They print money at home
They charge no fees
Inflation means:
Prices stay the same
Prices go down
Prices go up
Prices disappear
Hyperinflation means:
Extremely fast price increases
Very slow inflation
No inflation at all
Only food prices rise
A “bank run” happens when:
The bank is running a marathon for Christmas
Everyone wants to pay loans early
Everyone wants to deposit money at the same time
Everyone tries to withdraw money at the same time
Governments create money by:
Asking stores to make money
Printing in private houses
Selling bonds and borrowing
Using salt again
