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5 Written questions

5 Matching questions

  1. Fiat Money
  2. Demand for Money
  3. Subsidy
  4. Double Digit Inflation
  5. Gresham's Law
  1. a A government program tax money away, usually to rich people or large companies
  2. b Bad money drives good money out of circulation. People hoard good money and trade with legally overvalued money.
  3. c Prices increases rising at 10 to 99 percent per year due to inflation
  4. d Legal tender money
  5. e The desire to hold money rather than trade it.

5 Multiple choice questions

  1. A wafer or disk of precious metal
  2. A government program for giving away money or goods, usually to poor people
  3. A decrease in the ammount of money.
  4. Almost nothing is free, someone must pay for it
  5. Today, it is paper money. Originally, it was an IOU from a bank

5 True/False questions

  1. CounterfeitingThe notches on the edge of a coin


  2. RecessionThe correction period following an inflation.


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


  4. Base MetalA non-precious metal like copper or nickel


  5. VelocityThe speed at which money changes hands.


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