Module 1 Quiz

Test your understanding of the fundamentals of money covered in Lessons 1-4.

Passing Score: 70%

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Quiz Questions

See the interactive quiz at: frontend/defi-high-school/quizzes/money-basics/module-01-quiz.html

Topics Covered:

• The double coincidence of wants problem

• Money as a medium of exchange, store of value, and unit of account

• Money as a record-keeping system

• Trust and shared agreement in monetary systems

• Historical forms of money

• Evolution from physical to digital

Key Concepts to Review:

1. Why bartering becomes inefficient at scale

2. The three functions of money

3. How bank balances are IOUs, not physical money

4. Why trust is essential for money to work

5. What makes "good" money (durable, portable, divisible, scarce, recognizable)