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by BlastRoom
Explore how societies moved from direct trade to money accepted by trust and law.
#us_hs_economics
20 questions
One question set, multiple game modes. Tap any game to see it in action. Not sure which to pick?
Answer to place stones and capture territory.
Outrun the snow together.
Earn blasts, then hunt the other team.
Answer to earn energy, then climb.
The class blasts through walls together.
Bid on mystery lots. Most money wins.
Sell tours. Nice, standard, or a total scam.
Answer, restock, and serve the rush.
More correct answers pulls the rope your way.
Answer, then shoot down the alien wave.
Answer, then tap to leap the frozen ridge.
A gardener gives a mechanic ten bags of tomatoes, and the mechanic repairs the gardener's mower. Is this barter, commodity money, representative money, or fiat money?
In a remote camp, salt is widely accepted for payment because people value it for preserving food. Is the salt barter, commodity money, representative money, or fiat money?
A grain warehouse gives depositors paper receipts that can be redeemed for a stated amount of grain. Are the receipts barter, commodity money, representative money, or fiat money?
A nation issues notes that cannot be redeemed for gold or another commodity, but the government declares them legal tender. Are the notes barter, commodity money, representative money, or fiat money?
Merchants use standardized gold coins in trade, and each coin's purchasing power comes mainly from the gold it contains. Are the coins barter, commodity money, representative money, or fiat money?
A transit agency sells tokens that riders may exchange for one bus ride. Are the tokens barter, commodity money, representative money, or fiat money?
A web designer builds a bakery's website in exchange for cakes for an event. Is this barter, commodity money, representative money, or fiat money?
Dev raises chickens and needs a filling. The dentist does not want chickens. What barter problem does this show?
A farmer and a weaver want to trade, but they cannot agree how many chickens one blanket is worth because nothing is priced in a shared unit. What barter problem does this show?
A rancher wants a pair of boots worth far less than one cow, and the bootmaker wants beef. The rancher cannot hand over part of a live cow. What barter problem does this show?
A fisher wants to save up for a new boat next year, but the fish she earns in trade spoil within days. What barter problem does this show?
In some early North American communities, wampum beads circulated in exchange because the beads themselves were valued and desired. Were the beads barter, commodity money, representative money, or fiat money?
A 1935 U.S. silver certificate stated that its holder could exchange it for silver on demand. Was it barter, commodity money, representative money, or fiat money?
In early colonial Massachusetts, a settler traded beaver pelts directly for a neighbor's tools, with no money changing hands. Was this barter, commodity money, representative money, or fiat money?
Today, U.S. dollar bills are not redeemable for gold or silver, yet businesses accept them for payment. Are they barter, commodity money, representative money, or fiat money?
In what year did the United States stop letting foreign governments exchange dollars for gold, ending the dollar's last link to gold?
What feature makes a good such as gold or salt commodity money?
What feature identifies representative money?
What best defines barter?
Why can a government cause inflation more easily with fiat money than with commodity money?
Crack the passcode before the zombies get in.
Answer, then swat bugs for bonus points.
Race through questions at your own speed.
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Stocks, Bonds and Mutual Funds
30 questions
