Macroeconomics Revision Quiz

Macroeconomics Revision Quiz

12th Grade

56 Qs

quiz-placeholder

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Macroeconomics Revision Quiz

Macroeconomics Revision Quiz

Assessment

Quiz

Other

12th Grade

Medium

Created by

Rachael Smith

Used 3+ times

FREE Resource

56 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The​ ​Consumer​ ​Price​ ​Index​ ​(CPI)​ ​can​ ​be​ ​defined​ ​as

The​ ​market​ ​value​ ​of​ ​all​ ​final​ ​goods​ ​and​ ​services

A​ ​measure​ ​of​ ​inflation​ ​based​ ​on​ ​the​ ​cost​ ​of​ ​a​ ​fixed​ ​“market​ ​basket”

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

All​ ​of​ ​these​ ​are​ ​functions​ ​of​ ​money​ ​​EXCEPT

Medium of exchange

Store of value

Commodity money

unit of measurement

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money loses its value when it
It becomes too plentiful
becomes too portabale
is divisible
is durable

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Inflation is measured by...
Consumer Price Index (CPI).
Gross National Product (GNP).
Gross Domestic Product (GDP).
Securities & Exchange Commission (SEC).

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A pair of shoes that costs $80 last month costs $100 this month. Which of the following BEST describes this economic condition?

inflation

recession

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The percentage of a deposit that a bank must hold on to is called the ______.

Reserve Requirement

Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jack saves his money in a piggy bank. He is using money as a

medium of exchange

store of value

unit of measurement

bartering tool

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