Washington - Debt & Deficit

Washington - Debt & Deficit

8th Grade

7 Qs

quiz-placeholder

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RW: ChoiceBoard- "The First Shots" Slide Three

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Washington - Debt & Deficit

Washington - Debt & Deficit

Assessment

Quiz

History

8th Grade

Practice Problem

Medium

Created by

Jay Wise

Used 5+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following was NOT part of the purpose of establishing a National Bank?

Pay the Government's bills

Be the bank for Presidents to use with their salaries

Provide loans to farmers

Provide loans to small business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is GOOD about a country issuing bonds?

If someone (or some country) has a lot of bonds, the country will have to pay a big amount to them later.

You have to pay it back to people later.

The interest that adds up over time is extra money the country has to spend.

The nation gets money right away to do things for the people.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Alexander Hamilton should be remembered for which of these ideas?

Urging President Washington to start a National Bank

Fighting with Jefferson over monetary policies

Organizing a boycott of goods in New York City

Being the last person to sign the Declaration of Independence

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best shows the difference between DEBT and DEFICIT?

Debt is long term, deficit is short term.

Debt is bad but deficits are always good

Deficits don't always lead to debt

Debt and deficit are good ways for a country to manage money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Spending more than you make over a short time is...

Treasury

Debt

Deficit

Bond

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owing money to another over time is...

Bond

Deficits

Debt

Treasury

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A country issues a paper that people buy now and get more money from it later is...

Debt

Treasury

Deficit

Bond