1) Which one is Not an example of a U.S. coin a) 2 Dollar Coin b) 1 Dollar Coin c) Half Dollar Coin 2) Example of U.S. Paper Money a) 1,000 Dollar Bill b) Half Dollar Bill c) 2 Dollar Bill 3) A Debit Card Is a) Is a form of legal tender which can be used to exchange goods, debt or services b) Is a payment card which provides the cardholder access to their bank account c) Is a payment card issued by a bank to cardholders as a method of payment 4) Cash Is a) Is a form of legal tender which can be used to exchange goods, debt or services b) Is a payment card which provides the cardholder access to their bank account c) Is a payment card issued by a bank to cardholders as a method of payment 5) a Credit Card is a) Is a form of legal tender which can be used to exchange goods, debt or services b) Is a payment card which provides the cardholder access to their bank account c) Is a payment card issued by a bank to cardholders as a method of payment 6) What happened in In 1775 a) Issued the new nation’s first paper currency b) Money was made c) The phrase “Not worth a Continental” came to mean “utterly worthless" 7) In 1791 a) George Washington was put on the pennie b) Congress established the First Bank of the United States c) The National bank notes were produced 8) Currency Exchange Rates can impact a) Importing and exporting goods b) International relations c) A country’s economy 9) Exchange Rates can be impacted by a) Prices of lodging, food, transportation b) The buying and selling of goods c) Country's Debt 10) In 1971 a) President Richard Nixon announced the U.S. would no longer convert dollars into gold b) U.S. currency was no longer equal to or exchangeable for gold c) hoarding gold in coin or bullion is punishable by a fine of up to $10,000 and/or jail time 11) Money supply is the desired holding of financial assets in the form of money– cash and bank deposit. True or False a) True b) False 12) Money Demand Is the total amount of monetary assets available in a country’s economy at a specific time. True or False a) True b) False 13) Personal Check is Is a slip of paper which allows the user to make a payment from his or her bank account to a business or individual. True or False a) True b) False 14) Which is Not a form of Financial Exchange a) Cash b) Credit Card c) T-Bill 15) Currencies Include a) Coins b) Banknotes c) Government Bonds 16) Fiscal Policy a) Is gov’t spending activities b) Is controlled by the feds c) Objective is Price stability 17) Monetary Policy a) Is gov’t spending activities b) Is controlled by the feds c) Objective is Price stability 18) Both Monetary and Fiscal Control Inflation. True or False a) True b) False 19) In 1816 a) Football became a sport b) Congress agreed to charter the second bank c) Coins were made with gold 20) What is the highest U.S. Bill ever printed a) 100,000 b) 1,000,000 c) 10,000
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