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Unit 6-6 Gold And Silver (3)
Test Description: SocialStudiesGames.net
Instructions: Answer all questions to get your test result.
1) The implementation of gold and silver backing the dollar is___________________________________________________ .
A
More money
B
Printing fakes
C
Populist
D
Buying Power
2) The prices of_________________ and__________________________________ goes up to balance the amount of money in circulation.
A
Good/Services
B
Paper/Ink
C
Gold/Silver
D
Self Worth/Greed
3) According to the video instructor,___________________________________________________ Is expensive.
A
Women
B
Water
C
Work
D
War
4) __________________________________ Is considered a hidden tax.
A
Income
B
Sales
C
Deflation
D
Inflation
5) Politicians losing votes and re-elections directly correlates to__________________________________ .
A
Raising Taxes
B
Voting for Minorities
C
Voting for Abortion
D
Going to War
6) __________________________________ Is considered a hidden tax.
A
Income
B
Deflation
C
Sales
D
Inflation
7) According to the video instructor, the government doesn’t take the money they just__________________________________ .
A
Burn old money
B
Charge you more
C
Use Deflation
D
Print more money
8) The money a person would borrow from the bank to buy a house today is_________________ when it comes back to the bank.
A
Worth Less
B
Worth More
C
Gold
D
Fiat
9) It is in the bank's interest too___________________________________________________.
A
Spend more
B
Keep the money supply steady
C
Loan out more money
D
Print more
10) According to the video instructor,it maybe considered_______________________ to print more money.
A
Demand
B
Dumb
C
Intelligent
D
Supply
*select an answer for all questions
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