A Quick Sweden Economy Quiz!

1. Swish is a mobile app that has been developed by Swedish and Danish banks, which also promote a cashless system.

True

False

The statement is true because it states that Swish is a mobile app developed by Swedish and Danish banks, and these banks also promote a cashless system. This implies that Swish is indeed a mobile app created by these banks and is part of their efforts to encourage a cashless society.

Explanation

The statement is true because it states that Swish is a mobile app developed by Swedish and Danish banks, and these banks also promote a cashless system. This implies that Swish is indeed a mobile app created by these banks and is part of their efforts to encourage a cashless society.

2. Match the following

Even small items

Not only costumers are happy with not

Most shopkeepers want people to pay with these new systems because it

However, the trend toward a cashless society does

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3. The Swedish krona has been the nation's ............................. since 1873.

The given correct answer for this question is "currency". This is because the sentence states that the Swedish krona has been the nation's something since 1873, and the only logical completion for this sentence is "currency". The word "currency" refers to the system of money used in a particular country, which fits perfectly in the context of the sentence.

Explanation

The given correct answer for this question is "currency". This is because the sentence states that the Swedish krona has been the nation's something since 1873, and the only logical completion for this sentence is "currency". The word "currency" refers to the system of money used in a particular country, which fits perfectly in the context of the sentence.

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4. Economic experts say that the Scandinavian country could become the first cashless society within the next twenty years.

True

False

Economic experts say that the Scandinavian country could become the first cashless society within the next decade. (A decade is a period of ten years)

Explanation

Economic experts say that the Scandinavian country could become the first cashless society within the next decade. (A decade is a period of ten years)

5. Some go even further and claim that banknotes and coins may .............................. altogether.

The statement suggests that there are individuals who argue that banknotes and coins might completely vanish. This could imply that these individuals believe in the increasing prevalence of digital payment methods and the decline of physical currency. The word "disappear" reinforces the idea of a complete disappearance rather than a gradual decline.

Explanation

The statement suggests that there are individuals who argue that banknotes and coins might completely vanish. This could imply that these individuals believe in the increasing prevalence of digital payment methods and the decline of physical currency. The word "disappear" reinforces the idea of a complete disappearance rather than a gradual decline.

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6. However, in the past few years less money ........................ in circulation.

Is

Has been

Was

Had been

In the past few years, there has been a decrease in the amount of money in circulation. This implies that the amount of money available for use by the public has been reduced over time.

Explanation

In the past few years, there has been a decrease in the amount of money in circulation. This implies that the amount of money available for use by the public has been reduced over time.

7. Cash is becoming ................................ in Sweden.

Popular

Unpopular

More and more unpopular

More and more popular

In Sweden, cash is gradually losing popularity.

Explanation

In Sweden, cash is gradually losing popularity.

8. Especially older people find it hard to get used to ............................. without money.

Having lived

Have lived

Live

Living

Especially older people find it hard to get used to living without money. This sentence suggests that older individuals struggle to adapt to a lifestyle where they do not have any money. The word "living" is the correct answer because it is the present participle form of the verb "live," which accurately describes the ongoing action of existing without money.

Explanation

Especially older people find it hard to get used to living without money. This sentence suggests that older individuals struggle to adapt to a lifestyle where they do not have any money. The word "living" is the correct answer because it is the present participle form of the verb "live," which accurately describes the ongoing action of existing without money.

9. Many of them are without ................................. to a computer or don't know how to use one.

The sentence states that "Many of them are without access to a computer or don't know how to use one." This suggests that the missing word in the sentence is related to having the ability to use or connect to a computer. The word "access" fits this context perfectly, as it refers to the ability to obtain or use something, in this case, a computer.

Explanation

The sentence states that "Many of them are without access to a computer or don't know how to use one." This suggests that the missing word in the sentence is related to having the ability to use or connect to a computer. The word "access" fits this context perfectly, as it refers to the ability to obtain or use something, in this case, a computer.

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10. Economic experts say that the Scandinavian country could become the first cashless society within the next twenty years.

True

False

Economic experts say that the Scandinavian country could become the first cashless society within the next decade. (A decade is a period of ten years)

Explanation

Economic experts say that the Scandinavian country could become the first cashless society within the next decade. (A decade is a period of ten years)

11. In everyday life about 80% of all payments are made with credit or bank cards , mobile phones or ....... internet banking.

The word "via" is used to indicate the method or channel through which something is done. In the context of the sentence, it suggests that payments are made using credit or bank cards, mobile phones, or internet banking as the means of transaction. "Via" implies that these methods are the channels or mediums through which the payments are processed.

Explanation

The word "via" is used to indicate the method or channel through which something is done. In the context of the sentence, it suggests that payments are made using credit or bank cards, mobile phones, or internet banking as the means of transaction. "Via" implies that these methods are the channels or mediums through which the payments are processed.

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