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