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5 Written questions

5 Matching questions

  1. Law of supply and demand
  2. Clad
  3. Depression
  4. Counterfeiting
  5. Token
  1. a A coin made of different metals.
  2. b A disk of base metal which can be used as a substitute for a coin
  3. c When the supply of something goes up, the price per unit of that thing goes down
  4. d To make something that is fake or phonylly overvalued money.
  5. e The correction period following an inflation.

5 Multiple choice questions

  1. A government program tax money away, usually to rich people or large companies
  2. The speed at which money changes hands.
  3. Prosperity followed by recession followed by prosperity followed by recession, and so forth.
  4. An unchanging fact of life which deals with production and distribution of wealth.
  5. A government program for giving away money or goods, usually to poor people

5 True/False questions

  1. DebasingReducing the value of a coin by reducing the amount of precious metal in it.

          

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

          

  3. ClippingShaving the edges of a coin in order to get some of the precious metal from the coin

          

  4. InflationA decrease in the ammount of money.

          

  5. Gresham's LawBad money drives good money out of circulation. People hoard good money and trade with legally overvalued money.

          

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