FES Youth Financial Literacy - Central Bank & Money (1-3)

FES Youth Financial Literacy - Central Bank & Money (1-3)

4th - 12th Grade

10 Qs

quiz-placeholder

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FES Youth Financial Literacy - Central Bank & Money (1-3)

FES Youth Financial Literacy - Central Bank & Money (1-3)

Assessment

Quiz

Education, Business

4th - 12th Grade

Medium

Created by

FF UU

Used 3+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How many years has The Bank of England been issuing bank notes for?

100

200

300

500

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The bank notes were initially a note of IOU (I own you) for what things deposited at the bank?

Cows

Coins

Gold

Sea Shell

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

how much does it cost to make a bank note of 20 pounds?

20 pounds

a few pounds

1 pence

a few pence

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it that gives the bank note the face value?

Special materials that made the notes

Gold

Bank

Trust

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the features that make it hard to counterfeit the bank note ?

holograms

metallic threads

watermarks

raised print

6.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

How prices respond to Supply and Demand?

choose correct statement:

The more people want something, the higher the price will become.

IF there's too much money in the society, prices will decrease.

The more easily available something is, the cheaper it becomes.

The more money is produced, the value of money will decrease.

7.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

Choose the correct statement(s):

Inflation is when the price of everything goes higher in general.

The value of money decreases over time when there is inflation.

When interest rate is high, the inflation rate will go lower.

When there is deflation, prices of everything in general in will go down.

Deflation is good, inflation is bad for economy, business and people.

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