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Circle B
Test Description: International influence of currency
Instructions: Answer all questions to get your test result.
1) Every country uses the same currency.
A
False
B
True
2) When money from one country is changed into money from another country that is called
A
foreign affairs
B
changing banks
C
exchanging currencies
D
traditional embargo
3) _________ is how much one currency is worth in terms of another countries currency.
A
Exchange rate
B
market mixed system
C
quota barrier
D
Population density
4) all currency is worth the same amount
A
True
B
False
5) Someone traveling from Thomasville to Europe might have to
A
exchange dollars for Euros
B
use less dollars in Europe
C
do nothing because currencies are the same around the world
D
use more dollars in Europe
6) tax on imports
A
tariff
B
embargo
C
command
D
quota
7) restrictions and limits on imports
A
quota
B
embargo
C
market
D
tariff
8) forbids and stops all trade
A
tariff
B
embargo
C
traditional
D
quota
9) three economic questions
A
where to produce, how to produce, for whom to produce
B
what to produce, when to produce, for whom to produce
C
what to produce, how to produce, for whom to produce
D
what to produce, how to produce, where to produce
10) based on past customs
A
market economy
B
traditional economy
C
tariff economy
D
command economy
11) based on government demands
A
mixed economy
B
command economy
C
market economy
D
traditional economy
12) based on buyers and sellers
A
traditional economy
B
quota economy
C
market economy
D
command economy
13) MOST economic systems are
A
mixed
B
command
C
market
D
traditional
*select an answer for all questions
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