CLEAN : New coins to help ease Zimbabwe cash crunch

CLEAN : New coins to help ease Zimbabwe cash crunch

Assessment

Interactive Video

Business

10th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses economic challenges in Zimbabwe, focusing on currency issues and the introduction of bond coins. It explains the denominations of these coins and their intended parity with the US dollar. The video also covers the implications of currency exchange rates and the value of money in the context of Zimbabwe's economy.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What problem is highlighted in the shops regarding currency exchange?

Customers are getting items like pens as change.

Shops are refusing to accept US dollars.

People are receiving incorrect change.

There is a shortage of goods in shops.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What denominations will the new bond coins be issued in?

1 cent, 10 cents, 50 cents, and 1 dollar

10 cents, 25 cents, 50 cents, and 1 dollar

1 cent, 5 cents, 10 cents, 25 cents, and 50 cents

5 cents, 10 cents, 20 cents, and 1 dollar

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of introducing bond coins in Zimbabwe?

To create a new international currency

To provide a local currency that trades equally with the US dollar

To replace the US dollar entirely

To increase the value of the Zimbabwean dollar

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How will the bond coins trade in relation to the US dollar?

They will trade at a lower value than the US dollar.

They will trade at a higher value than the US dollar.

They will not be tradable with the US dollar.

They will trade one for one with the US dollar.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What assurance is given about the bond coins' value?

They will be accepted worldwide.

They will be backed by gold reserves.

They will increase in value over time.

They will maintain parity with the US dollar.