Whatever Happened to Penny Candy?

Is this your test? Login to manage it. If not, you can create a test just like it.

This is a non-interactive preview of the quiz content.

1.
10 points
Inflation is an increase in the amount of money
2.
0 points
I will follow the FINAL INSTRUCTIONS at the end of this test to get credit for reading this book.
3.
10 points
A token is a disk that contains no precious metal. A _____ is a disk of precious metal, like gold or silver
4.
10 points
The meaning of debasing is, reducing the _____ of a coin by reducing the amount of precious metal in it.
5.
10 points
Why is the U.S. dollar not so popular now?
6.
10 points
Gresham's Law is a law that says: bad money drives good money out of circulation.
7.
10 points
Which term is best described as, when the supply of something goes up, the price per unit of that thing goes down?
8.
10 points
Tanstaafl (There Ain't No Such Thing As A Free Lunch) means that something of value is not free.
9.
10 points
What concept was the authour trying to illustrate by using Rome's governmental policies?
10.
10 points
_____ is defined as the correction period following an inflation.
11.
10 points
A ________ is the buying, selling, or making of something with the disapproval of the government.