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