A short online quiz on the forms and uses of money, and the 2012 debt and deficit issues.
Tradables
Commodity Money
Coins
Swap goods
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Medium of Exchange
Measure of Value
Store of Value
Unit of Account
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Coins
Currency
Paper Checks
Demand Deposit accounts
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Gold
Nothing
Bonds
Faith and credit of the U.S. Government
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True
False
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Redeemable in gold or silver.
Backed by gold and silver.
Mostly made in and owned by China.
Managed by the Federal Reserve System.
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Faster and better economic growth.
An alternative commodity money to spring up.
Other countries to dominate our economy.
People to rebel.
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The Deficit.
The National Debt.
The Budget
The Fiscal Cliff.
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The deficit.
The national debt.
The budget.
The fiscal cliff.
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$16 Billion.
$200 Billion
$16 Trillion
$1 Gazillion
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We will fall over into a Depression unless Obama is re-elected.
Congress and the President must agree on tax cuts and/or spending cuts or there will be automatic penalties that could bring a recession.
Congress and the President must raise taxes on the rich or else the poor will fall off the cliff.
Spending must be cut for all people or we will go over a cliff.
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With a specific act of Congress.
By order of President Obama.
Automatically, with no action by Congress.
Directly to China.
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Entitlement.
Budget item.
Deficit.
Debt.
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