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WorksheetsToo Much Money PREQUIZ
Total questions: 21
Worksheet time: 11mins
Name
Class
Date
1.
In ancient times, Roman soldiers were paid in (a) .
2.
The simplest form of trade is (a) .
3.
Governments have declared that the money they print is __________ ____________.
(a)
4.
When government creates too much money, we get (a) .
5.
From 1500 to 1800 the Conquistadors took vast quantities of gold and silver from South America to (a) .
6.
When prices at Valley Forge were 480% higher than they were at the beginning of the war, Americans experienced (a) .
7.
Which country invented paper money?
(a)
8.
The Masaai measure their wealth in _______________.
a)
animals
b)
dollars
c)
euros
d)
pesos
e)
salt
9.
Chunks of metal used by traders around 560 BC were called _________________.
a)
electrum
b)
cash
c)
coins
d)
checks
e)
notes
10.
Precious metal coins were first used as money in ___________________.
a)
Lydia
b)
Egypt
c)
Russia
d)
India
e)
China
11.
The historical period following the fall of Rome is known as the _____________________.
a)
Dark Ages
b)
Enlightenment
c)
Stone Age
d)
Golden Age
e)
Silver Age
12.
Rising prices means the value of money is __________________________.
a)
going up
b)
going down
c)
unchanged
d)
irrelevant
e)
stable
13.
The scarcity of goods and services is reflected in their _____________________.
a)
prices
b)
usefulness
c)
origin
d)
marketing
14.
To pay for the Revolutionary War, the Congress issued paper money called _________________.
a)
continentals
b)
euros
c)
dollars
d)
marks
e)
pesos
15.
After World War I, the Allies presented the ___________________ government with a bill for 132 billion marks.
a)
German
b)
Spanish
c)
Bolivian
d)
Japanese
e)
Chinese
16.
Five years after World War I ended, one dollar would buy 4.2 ________________ marks.
a)
trillion
b)
hundred
c)
thousand
d)
million
e)
billion
17.
Which country experienced hyperinflation in the 1980s?
a)
Bolivia
b)
Germany
c)
Japan
d)
Rome
e)
Mexico
18.
What did Bolivians use as money when their currency became worthless?
a)
mentholated rub
b)
kindling
c)
wallpaper
d)
cola
e)
chicken
19.
When paper money is dropping rapidly in value, it makes sense for people to _______________.
a)
spend it quickly
b)
find something more stable to use as currency
c)
hoard it
d)
place it in a bank account
e)
hide it under a mattress
20.
In the United States, the _______________________________ regulates the money supply.
a)
Federal Reserve System
b)
President of the United States
c)
Vice President of the United States
d)
Congressional Budget Office
e)
Supreme Court
21.
In a sentence of 7 words or less, explain how does inflation destroy the value of money?
4 lines
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