
Quiz 12, Fundamentals of Business, Marketing, and Finance
Quiz by Billie Holmes Pettit
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Do debit cards have all the same qualities as money?
Why is fiat currency more vulnerable to dramatic economic shifts than currency on the gold standard?
Would it be a good idea for a small country to make currency that looks a lot likea better known country's currency?
Juanita is saving up to buy a new truck. She wants to put $4000 down and borrow the rest. The down payment will lower the monthly payment so she easily afford a new truck. She has been saving for 18 months and has half the money. It will take her about the same amount of time to save up the other half. Is this a good use of credit?
What could you buy with a banknote?
What factors make a country's currency stable?
The British decided to eliminate the halfpence coin in 1984. Which is the most likely reason for this decision?
Could perishable goods, like fresh vegetables or dairy products, be a good a choice to use as money in a region where they were plentiful?
Several countries use the American dollar as their currency. If a nation did not want to create its own currency and did not want to use dollars, which of these would be the best choice?
Government bonds do not pay very high interest rates. What advantages do they have for those who invest in them?
Why is the US dollar a popular currency for other nations?
Which of the following is the best argument for keeping the penny in circulation in the United States?
If a nation agreed to trade with something other than money, like shells or certain stones, would that be legal tender?
A new nation has emerged and needs to create a currency. Which of these characteristics would make it a medium of exchange?
Juanita is saving up to buy a new truck. She wants to put $4000 down and borrow the rest. The down payment will lower the monthly payment so she easily afford a new truck. She has been saving for 18 months and has half the money. It will take her about the same amount of time to save up the other half. What should she do with the $2000 in the meantime?