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Unit 6-6 Gold And Silver 2
Test Description: SocialStudiesGames.net
Instructions: Answer all questions to get your test result.
1) If you have lots of_______ in circulation its actual value goes down.
A
Intelligents
B
Aggression
C
Generosity
D
Fiat Money
2) According to the video, the frog nation has less money therefore_______ exist.
A
Poverty
B
Elation
C
Inflation
D
Deflation
3) In the toad nation, the supply of money is_______so the price or value goes_______ .
A
High, Low
B
Low, Low
C
High, High
D
Low, High
4) In the_______ nation access to money is easier but worthless than the other nation.
A
Frog
B
Tadpole
C
Grasshopper
D
Toad
5) The_______ nation favors the rich.
A
Tadpole
B
Grasshopper
C
Frog
D
Toad
6) According to the video instructor, the Great Economic Depression was caused by_______ .
A
Railroads
B
Inflation
C
Deflation
D
Wealthy People
7) The video instructor utilizes the story of_______ to describe the balance between inflation and deflation that the government tries to maintain in the US economy.
A
Goldie Locks
B
Humpty Dumpty
C
Peter Pan
D
Robinhood
8) _______ Is rare and_______ is not as rare therefore its price is reasonable.
A
Gas/Oil
B
Fiat Money/Gold
C
Silver/Platinum
D
Gold/Silver
9) The_______ believed that printing more money would end the economic panics that were occurring.
A
Frogs
B
Democrats
C
Populist
D
Republicans
10) The effect of utilizing more silver is that_______ .
A
Less access to money
B
Value of money goes down
C
Value of money goes up
D
It stays rare and high
11) The term_______ refers to utilizing silver as well as gold to back money.
A
Free the People
B
Free Gold
C
Free Silver
D
Release the Dimes
12) A hundred dollars backed by gold is worth_______ than the hundred dollars by gold and silver.
A
More
B
Nothing
C
Less
D
Same
*select an answer for all questions
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