Start learning →

Sort the kinds of money

Exercise and reference answers

Items
  1. Group
    Commodity
    Item
    Gold
  2. Group
    Commodity
    Item
    Silver
  3. Group
    Commodity
    Item
    Cowries
  4. Group
    Fiat
    Item
    Dollar bill
  5. Group
    Fiat
    Item
    Legal tender
  6. Group
    Fiat
    Item
    Decree
  7. Group
    Bank money
    Item
    Checking
  8. Group
    Bank money
    Item
    Savings
  9. Group
    Bank money
    Item
    Money market
Groups
  1. Item
    Commodity
  2. Item
    Fiat
  3. Item
    Bank money
Instructions
Drop each item onto commodity money, fiat money or bank money.

Explanation

_Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 13, Money and Banking (CC BY 4.0)._
Continue learning with Quill →

Browse more AP Macroeconomics questions and exercises →