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Economics B1 Test

Enter the letter for the matching Definition
incorrect
1.
accepted
incorrect
2.
stable in value
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3.
unit of accounting
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4.
durable
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5.
minimum wage
A.
characteristic of money meaning it remains the same value over time
B.
the lowest amount the law allows for employers to pay workers
C.
use of money as a measuring tool to compare the prices of goods and services to one another
D.
characteristic of money meaning it is recognized by many (if not all) sellers and buyers in a market
E.
characteristic of money meaning it is not easily destroyed or damaged
Type the Term that corresponds to the displayed Definition.
incorrect
6.
characteristic of money meaning that it is limited in nature, it cannot be created by just anyone
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7.
characteristic of money meaning it is easy to carry
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8.
the ability of money to keep its value or purchasing power for a later time
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9.
the ability to use something -- such as money -- for the exchange of goods and services, used instead of bartering
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10.
characteristic of money meaning it can be divided into smaller parts

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Created by: devernah
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