Grade 12 Quiz on Unit 3 Monetary, Finance and International Econ

Quiz Unit 3 Monetary, Finance and
International Economics

By Marisol Fumar

Multiple Choice

Which type of inflation occurs when the prices of the factors of

    production go up?

• Cost-push inflation

• Demand pull inflation

• Built in inflation

• None of the options

Multiple Choice

Which important figure of cooperatives focused on mutual support and

lending based on the character and needs of the borrowers?

• Charles Fourier

• Friedrich Wilhelm Raiffeisen

• Rochdale Pioneers

• Robert Owen

Multiple Choice

Which type of cooperative provide various services to their members,

such as transportation, housing, or healthcare?

• Agriculture cooperative

• Thrift and credit cooperative

• Consumer cooperative

• Service cooperative

Multiple Choice

Which EXEMPTION of Gross Domestic Product is unemployment

benefits or social security benefits?

• Barter

• Illegal transactions

• Second hand products

• Transfer payments

Multiple Choice

Robert Owen advocated for "villages of cooperation" where communities

would be self-sufficient and self-governing.

• True

• False

• Maybe

• Never

Multiple Choice

What were the Fenwick Weavers' Society in Scotland provided their members?

• Benefits

• Money

• Oatmeal

• Porridge

Open Ended

Why is it that second hand goods NOT included in the computation of GDP?

Multiple Choice

In what way GNP different from GDP?

• Amount of money remitted

• The length of time it is calculated

• Calculated within the country's boundaries

• Calculated regardless of the location of the citizen

Multiple Choice

Which of the following Prime Minister of Thailand started to modernize

Thailand’s economic development?

• Kriangsak Chamanan

• General Prem Tinsulananda

• Police Lieutenant ColonelThaksin Shinawatra

• Field Marshal Sarit Thanarat

Multiple Choice

A Thai citizen has a business in Singapore and he send a monthly allowance

of 65,000 baht to his son studying at Chiang Mai University.

• Calculated in the GDP

• Calculated in GNP

• Calculated in both GDP and GNP

• Neither is calculated in GDP nor in GNP

Open Ended

In what way deflation becomes a problem of the economy?

Fill in the Blanks

Higher interest rates tend to attract foreign investment increasing demand

for currency, causing it to

Multiple Choice

In trade balance, a trade deficit can ____________ the currency.

• appreciate

• bolster

• strengthen

• weaken

Multiple Choice

How does politics in a country affect exchange rates?

• Political instability causes will attract investors taking

  advantage of the situation

• Good governance are attracted investors, leading to a stronger exchange rate

• Good governance does not need investors as it leads to economic growth

• Political stability makes good business within the country

Multiple Choice

if you expect a currency's value to decrease, you "_______________"

• go short

• go long

• both a and b

• neither a or b

Thank you