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Unit 6-6 Gold And Silver 2
Test Description: SocialStudiesGames.net
Instructions: Answer all questions to get your test result.
1) If you have lots of_______ in circulation its actual value goes down.
A
Generosity
B
Intelligents
C
Aggression
D
Fiat Money
2) According to the video, the frog nation has less money therefore_______ exist.
A
Elation
B
Poverty
C
Deflation
D
Inflation
3) In the toad nation, the supply of money is_______so the price or value goes_______ .
A
Low, Low
B
Low, High
C
High, Low
D
High, High
4) In the_______ nation access to money is easier but worthless than the other nation.
A
Tadpole
B
Frog
C
Grasshopper
D
Toad
5) The_______ nation favors the rich.
A
Grasshopper
B
Frog
C
Toad
D
Tadpole
6) According to the video instructor, the Great Economic Depression was caused by_______ .
A
Deflation
B
Inflation
C
Wealthy People
D
Railroads
7) The video instructor utilizes the story of_______ to describe the balance between inflation and deflation that the government tries to maintain in the US economy.
A
Humpty Dumpty
B
Goldie Locks
C
Robinhood
D
Peter Pan
8) _______ Is rare and_______ is not as rare therefore its price is reasonable.
A
Gas/Oil
B
Gold/Silver
C
Fiat Money/Gold
D
Silver/Platinum
9) The_______ believed that printing more money would end the economic panics that were occurring.
A
Republicans
B
Democrats
C
Populist
D
Frogs
10) The effect of utilizing more silver is that_______ .
A
Value of money goes down
B
Less access to money
C
It stays rare and high
D
Value of money goes up
11) The term_______ refers to utilizing silver as well as gold to back money.
A
Free Silver
B
Free the People
C
Free Gold
D
Release the Dimes
12) A hundred dollars backed by gold is worth_______ than the hundred dollars by gold and silver.
A
Same
B
Less
C
More
D
Nothing
*select an answer for all questions
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