The Consumer Price Index (CPI) can be defined as

Macroeconomics Revision Quiz

Quiz
•
Other
•
12th Grade
•
Medium

Rachael Smith
Used 3+ times
FREE Resource
56 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The market value of all final goods and services
A measure of inflation based on the cost of a fixed “market basket”
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
All of these are functions of money EXCEPT
Medium of exchange
Store of value
Commodity money
unit of measurement
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A pair of shoes that costs $80 last month costs $100 this month. Which of the following BEST describes this economic condition?
inflation
recession
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The percentage of a deposit that a bank must hold on to is called the ______.
Reserve Requirement
Credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jack saves his money in a piggy bank. He is using money as a
medium of exchange
store of value
unit of measurement
bartering tool
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