Money & Crypto
Quiz
•
Education, Fun, History
•
1st - 3rd Grade
•
Practice Problem
•
Hard
Nisse Sjölin
Used 34+ times
FREE Resource
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17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is government issued currency called?
State currency
Fiat currency
Stable currency
Local currency
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Fiat actually mean?
For the future
Good for all
Let it be done
Bring it on
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is commonly referred to as "the gold standard"?
When gold reserves in the US amounted to 30% of BNP
When gold was used as currency
When gold was linked to the US dollar
The time during the gold rush in Klondike
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When was the gold standard completely removed?
1971
1930
1982
1955
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is fractional reserve banking?
Banks need to have reserves to cover granted loans
The value reserve of the banks needs to be divided into different fractions of asset classes
Granted loans are fractioned between defined areas
Banks can lend out money they don't have
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the lowest percentage amount of the money banks loan to lenders that a bank need to have in vaults or in actual assets?
0%
5%
25%
50%
100%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current inflation rate in USA?
3%
6%
10%
1%
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