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5 Written questions

5 Matching questions

  1. Reeding
  2. Demand for Money
  3. Clipping
  4. Subsidy
  5. Law of Economics
  1. a The notches on the edge of a coin
  2. b An unchanging fact of life which deals with production and distribution of wealth.
  3. c The desire to hold money rather than trade it.
  4. d Shaving the edges of a coin in order to get some of the precious metal from the coin
  5. e A government program tax money away, usually to rich people or large companies

5 Multiple choice questions

  1. The correction period following an inflation.
  2. Bad money drives good money out of circulation. People hoard good money and trade with legally overvalued money.
  3. The speed at which money changes hands.
  4. Prices increases rising at 10 to 99 percent per year due to inflation
  5. A disk of base metal which can be used as a substitute for a coin

5 True/False questions

  1. Fine SilverLegal tender money

          

  2. Law of supply and demandWhen the supply of something goes up, the price per unit of that thing goes down

          

  3. DollarA one-ounce ingot of silver

          

  4. HallmarkThe mint-mark of a coin which tells who made the coin

          

  5. RecessionThe correction period following an inflation.

          

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