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The Case Against the Penny

Authored by Colleen Smith

Financial Education

7th Grade

Used 3+ times

The Case Against the Penny
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main argument presented by Caity Weaver in her manifesto?

The penny is a valuable currency.

The penny should be eliminated.

The penny should be redesigned.

The penny should be made of cheaper materials.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much does it cost the US Treasury to produce a single penny?

Less than one penny.

Exactly one penny.

More than three pennies.

Two pennies.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much money did the government lose last year by minting pennies?

$50 million

$94 million

$100 million

$150 million

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary use of pennies according to the article?

Collecting

Cash purchases ending with .99

Vending machines

Parking meters

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to the vast majority of pennies?

They are saved in piggy banks.

They are used in vending machines.

They vanish into couch crevices and other places of coin oblivion.

They are donated to charity.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Caity Weaver compare the penny to in her article?

A relic from the past.

A valuable asset.

An ashtray in an airplane bathroom.

A collector's item.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the face value of a penny compared to its production cost?

Less than its production cost.

Equal to its production cost.

More than its production cost.

Not mentioned in the article.

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