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Grade 12 First Term Assessment ( Grade11T2)

Authored by Carla Hall

Other

11th - 12th Grade

Used 1+ times

Grade 12 First Term Assessment ( Grade11T2)
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45 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When inflation is high the _____of the dollar decreases

cost value

importance

purchasing power

validity

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is inflation?

rise in all prices

rises in some prices

rise in most prices

rise in genral prices

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An index that measures the prices of a market basket of goods that typical consumers purchase

consumer price index

bank

deflation

central bank

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What two types of inflation are there?

demand pull and cost push

supply glut and demand side

demand pull and supply glut

supply inflation and demand inflation

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following groups suffer in times of inflaiton

borrowers

taxpayers

lenders

property investors

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Barter is

exchanging goods for money

exchanging goods for goods

offering less than the asking price

offerieng srvices which do not have VAT added

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many problems occured as a result of the barter system

2

4

6

8

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