The Functions and Characteristics of Money


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question 1 of 3

How many functions of money are there?

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1. If we put $25 in our piggy bank, and two weeks later, we still have $25 dollars, what function has money fulfilled?

2. When money stays the same shape, it is what?

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About This Quiz & Worksheet

Questions on this quiz and worksheet focus on topics such as functions of money and its many characteristics.

Quiz & Worksheet Goals

To elaborate on the above, you'll be questioned on:

  • The number of money's functions
  • Applications of money's functions
  • Examples of the characteristics of money

Skills Practiced

  • Critical thinking - apply relevant concepts to examine information about ways we use money in a different way
  • Knowledge application - use your knowledge to answer questions about money's characteristics
  • Reading comprehension - ensure that you draw the most important information from the related lesson on the role of money

Additional Learning

By reading our lesson, The Functions and Characteristics of Money, you can further your understanding of this information. This lesson will delve deeper into topics such as:

  • The three functions that money serves
  • Money's importance
  • Ways money is characterized