Benchmark G7-G8

What factor can negatively affect a family's financial well-being?

• Increasing interest rates on loans for small businesses

• Reducing taxes

• Rising inflation

• Declining stock market

What factors contribute to the well-being of a family?

• Insufficient level of infrastructure

• Accessibility of education

• Quality of medical services

• Presence of sewage facilities nearby

• All options are correct

What role do money play in modern society?

• Facilitate the exchange of goods and services

• Used to ensure financial well-being

• Act as a measure of value and a means of accumulating wealth.

• Act as currency in a particular country

Imagine that at your family meeting you have to discuss whether your mom should switch to a new job. The thing is, she has been working at the same company for 3 years and earns a salary of 20,000 rubles per month. Now she has been offered the same job with the same salary, but they promised to increase it annually by the inflation rate.

• Mom should not switch to a new job, as her salary will not increase

• Mom should stay in her current job, as the new job may be worse

• Mom should switch to a new job, as her salary will increase annually by the inflation rate.

• Mom should not switch to a new job, as she is already accustomed to her current job

Answer explanation

Инфляция — долговременное устойчивое повышение общего уровня цен в экономике

How has money evolved over the course of human history?

How will you react if your neighbors tell you that prices in stores have started to rise rapidly?

• I will not believe them and without checking, I will go to the store when I need it

• I will believe them and in a hurry, I will start buying all the products on the store shelves

• I will personally verify the accuracy of their words, and if it is true, I will buy the necessary products that will last me for a short period of time

• I will personally verify the accuracy of their words, and if it is true, I will start buying the necessary products in bulk

What is the most influential currency in economic relations?

• Euro (EUR)

• Ruble (RUB)

• British Pound (GBP)

• Canadian Dollar (CAD)

In the Republic of Alphania, the price index has increased by 200% compared to the previous year. In the Republic of Betania, it has increased by 100%. The equilibrium exchange rate is 3 pesos (Alphania) = 1 real (Betania). Determine the exchange rate.

• 2 peso = 1 real

• 3 peso = 1 real

• 6 peso = 1 real

• 6 peso = 2 real

Imagine that in your family, the mother earns a salary of 20,000 rubles and the father earns 30,000 rubles. In two months, a baby will be born into your family. How will your income and expenses change? How will this situation personally affect you in terms of the structure of your expenses?

• Income will decrease as the mother takes maternity leave. Expenses will remain unchanged. Our family will also receive a newborn allowance.

• Income will increase as we will receive an allowance, so expenses will also increase.

• Income will not change, but expenses will increase.

• Income will decrease as the mother takes maternity leave. Expenses will increase.

Matvey Nikolaevich inherited 100,000 rubles and kept them at home. After a year, he bought a motorcycle with this money. Inflation was 10% during the year. How much did Matvey Nikolaevich's savings depreciate in a year?

• 20,000 rubles

• 10,000 rubles

• 100,000 rubles

• 110,000 rubles