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5 Written questions

5 Matching questions

  1. Hallmark
  2. Business Cycle
  3. Inflation
  4. Double Digit Inflation
  5. Counterfeiting
  1. a An increase in the amount of money which causes the money to lose value, so the prices rise
  2. b To make something that is fake or phonylly overvalued money.
  3. c The mint-mark of a coin which tells who made the coin
  4. d Prices increases rising at 10 to 99 percent per year due to inflation
  5. e Prosperity followed by recession followed by prosperity followed by recession, and so forth.

5 Multiple choice questions

  1. A non-precious metal like copper or nickel
  2. Almost nothing is free, someone must pay for it
  3. A coin made of different metals.
  4. Bad money drives good money out of circulation. People hoard good money and trade with legally overvalued money.
  5. The purity of a precious metal

5 True/False questions

  1. ClippingThe notches on the edge of a coin

          

  2. Runaway InflationAn increase in the amount of money which causes the money to lose value, so the prices rise

          

  3. DeflationAn increase in the amount of money which causes the money to lose value, so the prices rise

          

  4. TokenThe most easily traded thing in a society

          

  5. MoneyThe most easily traded thing in a society

          

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