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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
Helps
B
Assist
C
Hurts
D
Does not bother
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
Would not be in favor of monetary changes to gold standard
D
Be in favor of the government printing more money.
3) ___________ Is known as the dismal science.
A
Biology
B
Civics
C
Social Studies
D
Economics
4) ___________ Stated “There are no solutions only tradeoffs”.
A
Thomas Sowell
B
George Washington
C
John Maynard Keynes
D
Thomas Jefferson
5) The shrinking of the money supply is called___________ .
A
Flattening
B
Inflation
C
Deflation
D
Pen bursting
6) Bank benefit from___________ more than______________________ .
A
Inflation/Deflation
B
Dollars/Coins
C
Coins/Dollars
D
Deflation/Inflation
7) When the government mismanaged the money supply was not controlled correctly it caused___________ .
A
The Great Depression
B
Elation
C
Havoc
D
Mental illness
8) According to the video instructor,______________________created the economic problems of this era.
A
The Populist
B
The African Americans
C
The Wealthy
D
The US Government
9) The money in circulation in the US economy is considered______________________ money.
A
Silver
B
Coin
C
Fiat
D
Fake
10) According to the video instructor, the___________ standard was better to lessen governmental control.
A
Gold
B
Silver
C
Titanum
D
Platinum
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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