Quiz 2- Whatever Happened To Penny Candy? Pgs. 18-42

10 Questions | Total Attempts: 93

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Candy Quizzes & Trivia

Questions and Answers
  • 1. 
    A token is a disk of precious metal, like gold or silver.
    • A. 

      True

    • B. 

      False

  • 2. 
    What does TANSTAAFL stand for?
  • 3. 
    What was the first thing the Roman government did to coins in order to get more money without raising taxes?
    • A. 

      Clipped the coins

    • B. 

      Melted down the coins

    • C. 

      Printed more money

  • 4. 
    What did the people do so they could tell if the coin was clipped or not.
    • A. 

      Bit them

    • B. 

      Reeded the edge

    • C. 

      Weighed them

  • 5. 
    What happened as a result of the Roman government clipping and then reducing the silver content of each coin?
    • A. 

      The value of the coins decreased

    • B. 

      Prices rose

    • C. 

      The supply of money increased

    • D. 

      All of the above

  • 6. 
    Inflation is an increase in the amount of money.
    • A. 

      True

    • B. 

      False

  • 7. 
    Our current paper money is considered to be ..... (check all that apply)
    • A. 

      Fiat money

    • B. 

      Bank notes

    • C. 

      Legal tender

    • D. 

      Silver certificate

  • 8. 
    Inflation is sometimes caused when a politician tries to fulfill his campaign promises.
    • A. 

      True

    • B. 

      False

  • 9. 
    When did the USA stop putting silver in our coins?
  • 10. 
    When there is little money, the money is less valuable and will not buy much.
    • A. 

      True

    • B. 

      False

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