Money quiz

This quiz tests your knowledge of money, economics, and finance. It includes questions related to various financial concepts and investment strategies.

What is the concept of compound interest?

Interest calculated on the initial principal and also on the accumulated interest

Interest calculated on the accumulated interest

Interest calculated on the initial principal

Which of the following is an example of fiat money?

Gold coins

Silver bars

Paper currency

What is the primary function of money?

Store of value

Medium of exchange

Unit of account