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Unit 6-6 Gold And Silver (4)
Test Description: SocialStudiesGames.net
Instructions: Answer all questions to get your test result.
1) The government printing more money___________ the wealthy.
A
Assist
B
Does not bother
C
Hurts
D
Helps
2) According to the video instructor, the wealthy during the 1893 panic would______________________ .
A
Would not care about the gold standard
B
Like to see monetary changes in gold standard
C
Be in favor of the government printing more money.
D
Would not be in favor of monetary changes to gold standard
3) ___________ Is known as the dismal science.
A
Biology
B
Social Studies
C
Economics
D
Civics
4) ___________ Stated “There are no solutions only tradeoffs”.
A
Thomas Sowell
B
John Maynard Keynes
C
George Washington
D
Thomas Jefferson
5) The shrinking of the money supply is called___________ .
A
Pen bursting
B
Deflation
C
Inflation
D
Flattening
6) Bank benefit from___________ more than______________________ .
A
Coins/Dollars
B
Deflation/Inflation
C
Dollars/Coins
D
Inflation/Deflation
7) When the government mismanaged the money supply was not controlled correctly it caused___________ .
A
Mental illness
B
Havoc
C
Elation
D
The Great Depression
8) According to the video instructor,______________________created the economic problems of this era.
A
The US Government
B
The Populist
C
The African Americans
D
The Wealthy
9) The money in circulation in the US economy is considered______________________ money.
A
Fake
B
Fiat
C
Silver
D
Coin
10) According to the video instructor, the___________ standard was better to lessen governmental control.
A
Platinum
B
Silver
C
Titanum
D
Gold
11) ___________ Was the elected president that supported the gold standard.
A
Jefferson
B
Jackson
C
Garfield
D
Mckinley
*select an answer for all questions
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