Understanding Rupiah and Local Economy

Understanding Rupiah and Local Economy

10th Grade

8 Qs

quiz-placeholder

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Understanding Rupiah and Local Economy

Understanding Rupiah and Local Economy

Assessment

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