What is Money Supply?

The total amount of money in an economy.

A Hyperinflation provokes:

All previous answers are correct

If a bank lends you $10,000 and you have to pay it back $11,000, Who is who?

The bank the lender and you the borrower

Charecterictics of money

All previous answer are correct

What are the 4 Factors of Production?

land or nature, work, capital and technology

How do Business and Companies get incomes?

Selling goods and servicies in exchange for money

About unemployment, when someone seeks their first job:

There is cyclical unemployment, There is frictional unemployment

What happens in the Circular Flow of an Economy?

money, products, and energy flowing back and forth

How do households or individuals (families) get incomes?

Supplying Factors like work to companies for salaries.

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INCOME, MONEY SUPPLY, INFLATION, RECESSION, UNEMPLOYMENT

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Quizz about this subjects for High School 10th Graders

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Questions 20

Answers

1
What is Money Supply?
the total amount of money in pockets.
The total amount of money in an economy.
the total amount of money in banks.
All previous answers are correct.
2
A Hyperinflation provokes:
A recession
A decrease in GDP
All previous answers are correct
More unemployment
3
A continuous rise of the general price level is:
Deflation
Correction
Recession
Inflation
4
If a bank lends you $10,000 and you have to pay it back $11,000, Who is who?
The bank the borrower
The bank the lender and you the borrower
you the lender
The bank the borrower and you the lender
5
Charecterictics of money
Widely accepted
All previous answer are correct
Portable, Divisible, Durable
Limited in supply
6
What are the 4 Factors of Production?
Companies, households, land, technology
land or nature, work, capital and technology
land or nature, work, companies, governments
schools, bridges, factories, harbours
7
cigarettes in POW camps are:
All previous answer are correct
Commodity money
All previous answer are wrong
Fiat money
8
If the interest rate goes up, the demand of money:
both answers
goes up
goes down
neither one of them
9
How do Business and Companies get incomes?
Selling goods and servicies for free.
All previous answer are correct.
Go to the bank for borrowing money
Selling goods and servicies in exchange for money
10
If the interest rate goes down, the demand of money:
both answers
goes down
neither one of them
goes up
11
About unemployment, when someone seeks their first job:
There is seasonal unemployment
There is structural unemployment
There is cyclical unemployment
There is frictional unemployment
12
If the price of oil increases, there will be:
both
Neither
Inflation
Deflation
13
A check is:
Commodity money
All previous answer are correct
All previous answer are wrong
Fiat money
14
About unemployment, when the economy has a recession:
There is frictional unemployment
There is structural unemployment
There is cyclical unemployment
There is seasonal unemployment
15
What happens in the Circular Flow of an Economy?
Countries interchange products, servicies and money.
none of the previous answers are correct.
money, products, and energy flowing back and forth
It is like the water cycle.
16
What is a function of money?
Store of value
none of the previous answer are correct.
makes banks richer
Allows barter (trueque)
17
How do households or individuals (families) get incomes?
Supplying Factors like work to companies for salaries.
Households sell their assets.
They only get money by playing lottery
Households sell goods and servicies for money
18
If the Money Supply increases, there will be:
Inflation
Deflation
Both
neither
19
coins & bills are:
All previous answer are correct
All previous answer are wrong
Commodity money
Fiat money
20
If a bank lends you $10,000 and you have to pay it back $11,000, What is the interest?
$0
$10,000
$1,000
$11,000

INCOME, MONEY SUPPLY, INFLATION, RECESSION, UNEMPLOYMENT Flashcards | StudBud