Representative Money: Definition & Overview


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question 1 of 3

Representative money has NO _____.

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1. Which of the following is the best explanation of representative money?

2. Which of the following would not work as a commodity that supports the value of representative money?

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About This Quiz & Worksheet

This quiz and worksheet combo helps you assess your knowledge of how representative money works. You will be quizzed on the different forms of representative money.

Quiz & Worksheet Goals

Use these tools to check your knowledge of the following:

  • Characteristics of representative money
  • How representative money works
  • Commodities that support the value of representative money
  • Definition of money

Skills Practiced

Use this quiz and worksheet to practice these skills:

  • Making connections - use your understanding of the concept of representative money
  • Information recall - access the knowledge you have gained regarding the definition of money
  • Knowledge application - use your knowledge to answer questions about the gold standard

Additional Learning

To learn more, review the lesson Representative Money: Definition & Overview, which covers the following objectives:

  • Define money
  • Understand how representative money works
  • Identify the different types of representative money
  • Determine the benefits of representative money