Money: Definition, Types, Functions & How It's Made

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Who can ultimately order that more money is allowed?

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1. What is gold coinage an example of?

2. Today's US Dollar is an example of which of the following?

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About This Quiz & Worksheet

Money provides the mean to acquire goods and services. This quiz can help check your understanding of who determines the value and supply of money, different types of money and the benefits of using money.

Quiz & Worksheet Goals

This quiz and worksheet is designed to test your knowledge of:

  • Which entity can mandate that more money is allowed
  • What gold coinage is an example of
  • The reason why today's U.S. currency has value
  • What today's U.S. dollar is an example of
  • The advantages of money

Skills Practiced

You can take this quiz to practice the following skills:

  • Distinguishing differences - compare and contrast topics from the lesson, such as the type of money gold coinage is an example of versus today's U.S. dollar
  • Knowledge application - use your knowledge to answer questions about who governs money in the U.S.
  • Information recall access what you've learned regarding types of money

Additional Learning

You can get more details about the characteristics and manufacture of money by watching the lesson titled Money: Definition, Types, Functions & How it's Made. The lesson addresses the following objectives:

  • Mentions what money is used for
  • Explains the investment and financial security value of money
  • Describes the different types of currency
  • Discusses how supply and demand affect the value of money
  • Covers entities that can create money
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