Financial Literacy Ch 3 Vocabulary Review
Authored by Monica Simanella
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in the general level of prices for goods and services.
inflation
deflation
disinflation
reflation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rising prices with the rate of increase slowing down.
inflation
deflation
disinflation
reflation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A decrease in the general level of prices for goods and services.
inflation
deflation
disinflation
reflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
High prices followed by lower prices and then high prices again.
inflation
deflation
disinflation
reflation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A concept that says a dollar you receive in the future will be worth less than a dollar you receive in the present (today).
time value of money
GDP
productivity
inflation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The value of all goods and services produced in a country in a given time period.
time value of money
GDP
productivity
inflation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A measure of the efficiency with which goods and services are made.
time value of money
GDP
productivity
inflation
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