Exploring the Value of a Dollar Bill

Exploring the Value of a Dollar Bill

Assessment

Interactive Video

Other

9th Grade

Hard

Created by

Aiden Montgomery

Used 8+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What primarily gives a hundred dollar bill its value over other pieces of paper?

Its widespread acceptance in trade

The government's declaration

The material it's made from

The artwork on the bill

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What significant change occurred to the US dollar in 1971?

It was linked to gold

It was no longer accepted internationally

It was backed by silver

It became a fiat currency

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the US dollar linked to before 1971?

Foreign currencies

Gold and silver

Industrial output

Oil reserves

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which entity is responsible for setting the monetary policy in the United States?

The Legislative Branch

The Executive Branch

The Judicial Branch

The Federal Reserve

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why can't the Federal Reserve just print an unlimited amount of money?

The printing machines have a limit

It would cause inflation

It's against international law

It would lead to deflation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of currency?

To be exchanged for goods and services

To be saved for future use

To showcase a country's wealth

To collect as memorabilia

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary reason too much inflation is harmful to the economy?

It increases the value of money

It makes international trade more competitive

It decreases consumer spending

It leads to overconsumption and shortages

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