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5 Written questions

5 Matching questions

  1. Runaway Inflation
  2. Business Cycle
  3. Fiat Money
  4. Velocity
  5. Counterfeiting
  1. a To make something that is fake or phonylly overvalued money.
  2. b Legal tender money
  3. c When prices rise rapidly, every few hours.
  4. d Prosperity followed by recession followed by prosperity followed by recession, and so forth.
  5. e The speed at which money changes hands.

5 Multiple choice questions

  1. Prices increases rising at 10 to 99 percent per year due to inflation
  2. Almost nothing is free, someone must pay for it
  3. Shaving the edges of a coin in order to get some of the precious metal from the coin
  4. Today, it is paper money. Originally, it was an IOU from a bank
  5. A coin made of different metals.

5 True/False questions

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

          

  2. DollarA one-ounce ingot of silver

          

  3. DepressionThe correction period following an inflation.

          

  4. RecessionThe beginning of a depression that never went all the way.

          

  5. Legal Tender LawBad money drives good money out of circulation. People hoard good money and trade with legally overvalued money.

          

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