CLEAN : Zimbabwe launches a new gold coin

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Business
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10th Grade - University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason for holding reserves as discussed in the video?
To support local businesses
To provide an alternative during hyperinflation
To reduce foreign debt
To increase local currency value
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of foreign banks in the context of the reserves?
To provide loans to local businesses
To sell reserves outside the country
To increase local investments
To manage local currency exchange
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the initial price set for the gold coins?
$1750.50
$1500.00
$2000.00
$1823.80
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected outcome of introducing gold coins into the market?
Decrease in gold reserves
Rise in local currency value
Stabilization of the exchange rate
Increase in inflation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which currencies can the gold coins be purchased?
Japanese Yen and Indian Rupee
Canadian Dollar and Swiss Franc
British Pound and Euro
Australian Dollar and Chinese Yuan
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