
Understanding Rupiah and Local Economy
Quiz
•
Financial Education
•
10th Grade
•
Hard
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary function of currency in an economy?
To serve as a medium of exchange
To act as a form of entertainment
To be used only for international trade
To be stored in museums
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important for citizens to have pride in their local economy?
It encourages spending on foreign goods
It fosters economic growth and stability
It leads to higher taxes
It discourages tourism
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does inflation impact the purchasing power of a currency?
It increases purchasing power
It decreases purchasing power
It has no effect on purchasing power
It stabilizes purchasing power
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a good strategy for saving and investing?
Keeping all money in a checking account
Diversifying investments across different asset classes
Spending all income immediately
Investing only in high-risk stocks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is financial literacy important for individuals?
It helps in making informed financial decisions
It is only important for financial professionals
It is not necessary in the digital age
It only benefits large corporations
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the exchange rate is 1 USD = 15,000 IDR, how many Indonesian Rupiah would you get for 100 USD?
1,500 IDR
15,000 IDR
150,000 IDR
1,500,000 IDR
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the effect of a strong local currency on imports?
It makes imports more expensive
It makes imports cheaper
It has no effect on import prices
It discourages imports
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a consequence of high inflation on savings?
Savings increase in value
Savings lose value over time
Savings remain unaffected
Savings become more secure
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