FES Youth Financial Literacy - Central Bank & Money (1-3)
Quiz
•
Education, Business
•
4th - 12th Grade
•
Practice Problem
•
Medium
FF UU
Used 3+ times
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10 questions
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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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