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FIAT MONEY

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

 Representative money is valuable by itself.

a)

true

b)

false

2.

Fiat currency requires...

a)

a central bank

b)

recession

c)

commodities

3.

Fiat Money is Money...

a)

...without intrinsic value.

b)

...with intrinsic value.

c)

...that can be also consumed.

4.

The production of fiat money is mostly controlled by

a)

citizens

b)

government

c)

rich people

5.

Paper currency is an example of ...................

a)

barter system

b)

fiat money

c)

commodity money

6.

Inflation makes your money less valuable over time?

a)

true

b)

false

7.

 Barter system is now replaced by

a)

Banking system

b)

International system

c)

Monetary system

d)

Financial system

8.

Rupee

a)

Philippines

b)

Malaysia

c)

India

d)

Qatar

e)

Singapore

9.

Yen

a)

Japan

b)

China

c)

European Union

d)

Korea

e)

Hong Kong

10.

Euro

a)

Japan

b)

China

c)

European Union

d)

Korea

e)

Hong Kong

11.

Pound Sterling

a)

Thailand

b)

Vietnam

c)

USA

d)

UK

e)

European Union

12.

Dollar

a)

Thailand

b)

Vietnam

c)

USA

d)

UK

e)

European Union