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