Copyright

Representative Money: Definition & Overview

Instructions:

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

question 1 of 3

Representative money has NO _____.

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 75,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime.
Already registered? Log in here for access

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?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

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
Support