El Salvadorian Economy
Quiz by Greg Williford
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- Q1
What is the official currency of El Salvador?
Quetzal
US Dollar
Peso
Lempira
30s - Q2
El Salvador has a free trade agreement with which of the following organizations?
European Union
CAFTA-DR (Central America-Dominican Republic Free Trade Agreement)
Mercosur
NAFTA
30s - Q3
Which sector contributes the most to El Salvador's GDP?
Manufacturing
Agriculture
Mining
Services
30s - Q4
In recent years, El Salvador has implemented a policy to promote what cryptocurrency as legal tender?
Ripple
Ethereum
Litecoin
Bitcoin
30s - Q5
What is the unemployment rate in El Salvador as of the latest available data? September 2021
15%
8%
5.5%
3%
30s - Q6
El Salvador is a member of which international financial organization that provides loans and grants to the world's poorest countries?
World Bank
IMF (International Monetary Fund)
ILO (International Labour Organization)
WTO (World Trade Organization)
30s - Q7
Which major export product significantly contributes to El Salvador's export revenue?
Oil
Coffee
Textiles
Bananas
30s - Q8
What is the current level of El Salvador's national debt as a percentage of its GDP?
78.3
100%
45%
20%
30s - Q9
What economic challenges has El Salvador faced in recent years?
High inflation
Declining tourism
Currency devaluation
All of the above
30s - Q10
El Salvador's government introduced the "Plan Cuscatlán" to address what economic issue?
Foreign debt reduction
Income inequality
Infrastructure development
Tax evasion
30s