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5 Written questions

5 Matching questions

  1. Base Metal
  2. Law of Economics
  3. Double Digit Inflation
  4. Clipping
  5. Depression
  1. a Prices increases rising at 10 to 99 percent per year due to inflation
  2. b An unchanging fact of life which deals with production and distribution of wealth.
  3. c The correction period following an inflation.
  4. d Shaving the edges of a coin in order to get some of the precious metal from the coin
  5. e A non-precious metal like copper or nickel

5 Multiple choice questions

  1. Today, it is paper money. Originally, it was an IOU from a bank
  2. The beginning of a depression that never went all the way.
  3. The most easily traded thing in a society
  4. An increase in the amount of money which causes the money to lose value, so the prices rise
  5. When the supply of something goes up, the price per unit of that thing goes down

5 True/False questions

  1. VelocityThe speed at which money changes hands.

          

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

          

  3. Runaway InflationWhen prices rise rapidly, every few hours.

          

  4. Welfare ProgramThe correction period following an inflation.

          

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