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5 Written questions

5 Matching questions

  1. Velocity
  2. Clad
  3. Depression
  4. Double Digit Inflation
  5. Coin
  1. a The speed at which money changes hands.
  2. b The correction period following an inflation.
  3. c Prices increases rising at 10 to 99 percent per year due to inflation
  4. d A wafer or disk of precious metal
  5. e A coin made of different metals.

5 Multiple choice questions

  1. A one-ounce ingot of silver
  2. Today, it is paper money. Originally, it was an IOU from a bank
  3. Almost nothing is free, someone must pay for it
  4. Reducing the value of a coin by reducing the amount of precious metal in it.
  5. A government program tax money away, usually to rich people or large companies

5 True/False questions

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

          

  2. Law of supply and demandAn unchanging fact of life which deals with production and distribution of wealth.

          

  3. Law of EconomicsLegal tender money

          

  4. Base MetalToday, it is paper money. Originally, it was an IOU from a bank

          

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