Quiz 2- Whatever Happened To Penny Candy? Pgs. 18-42
10 Questions
| Total Attempts: 93
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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