Crash Course Economics #11: Money and
Finance UPDATED 2025QUESTIONS
WITH CORRECT SOLVED ANSWERS.
bitcoin - CORRECT ANSWER✅✅✅an electronic currency that is not regulated or issued by
any national government.
barter system - CORRECT ANSWER✅✅✅the direct exchange of one set of good or
services for another (money is not exchanged -- goods or services are)
three main purposes of money - CORRECT ANSWER✅✅✅1) money serves as a medium
of exchange
2) money can be used as a "store of value"
3) money can be used as a "unit of account"
gold standard - CORRECT ANSWER✅✅✅A monetary system in which paper money and
coins are equal to the value of a certain amount of gold
the groups that make up the financial system - CORRECT ANSWER✅✅✅1) lenders
2) borrowers
3) governments
capital - CORRECT ANSWER✅✅✅the machinery, tools, and factories owned by a business
and used in production
Finance UPDATED 2025QUESTIONS
WITH CORRECT SOLVED ANSWERS.
bitcoin - CORRECT ANSWER✅✅✅an electronic currency that is not regulated or issued by
any national government.
barter system - CORRECT ANSWER✅✅✅the direct exchange of one set of good or
services for another (money is not exchanged -- goods or services are)
three main purposes of money - CORRECT ANSWER✅✅✅1) money serves as a medium
of exchange
2) money can be used as a "store of value"
3) money can be used as a "unit of account"
gold standard - CORRECT ANSWER✅✅✅A monetary system in which paper money and
coins are equal to the value of a certain amount of gold
the groups that make up the financial system - CORRECT ANSWER✅✅✅1) lenders
2) borrowers
3) governments
capital - CORRECT ANSWER✅✅✅the machinery, tools, and factories owned by a business
and used in production
