ECON2 First nine weeks makeup quiz

What is used to measure inflation?

• a ruler

• CPI Consumer Price Index

• a scale

Which of these is the most liquid asset? 

• Checks
• Property
• Cash
• Credit

A good tax should be all of these but?

• Simple
• Efficient 
• Equal
• Overbearing 

What is happening here?

• Bartering
• Cooking
• Flirting
• Machismo

Which is not a use of money?

• Medium of exchange
• a store of value
• unit of account
• to start a fire

What type of money would this be?

• Commodity

• Fiat

• Representitive

• Gold

What is a negative of using a Debit Card?

• Bank Fees if you use your banks ATM
• Paying interest
• Can get charged fees if the money isn't in your account
• They only work on weekdays

The more credit cards you have, the higher and better your credit score is?

• True

• False

Inflation makes your money less valuable over time?

• True
• False

The best way for a government to get out of debt is to print more money?

• True

• False