Froggy Money Quest

Froggy Jumps

(8)

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Basic money concepts

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Saima Uyag

Philippines

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Froggy Money Quest


Froggy Jumps Froggy Money QuestVersion en ligne Basic money concepts par Saima Uyag 1 What backs fiat money in most countries today? a Legal decree by government b Blockchain-based scarcity c Intrinsic metal value 2 What happens to purchasing power when inflation rises? a Prices stay the same b Purchasing power falls c Purchasing power rises 3 Which payment method reduces the need to carry cash? a Gold coins b Barter exchanges c Electronic transfers 4 Which institution typically manages a country's monetary policy? a Treasury department b Commercial banks c Central bank 5 What is a bank run? a Banks print more money b Banks lend more than they have c Many customers withdraw funds quickly 6 Why do banks charge interest on loans? a To increase cash withdrawals b To reduce customer savings c To compensate for risk and time value of money 7 What is a major drawback of barter systems? a Double coincidence of wants b Need for digital passwords c High transaction fees 8 What do Open Market Operations involve? a Setting tax rates b Central bank buying or selling government securities c Printing currency 9 What is a store of value usually used for saving? a Daily spending cash b Savings account balance c Payroll checks 10 If money velocity rises with constant supply, what may happen? a Nominal GDP may increase b Unemployment rises c Deflation occurs 11 What does GDP measure in a country? a Total number of workers in the country b Total market value of all final goods and services produced c Total money spent by households 12 GDP is calculated for a given what period? a Period (usually 1 year) b Month c Decade 13 Which items are counted in GDP: final or intermediate goods? a Final goods and final services b Intermediate goods only c Both final and intermediate goods 14 What happens to intermediate goods like wheat when counting GDP? a Counted only if exported b Not counted separately to avoid double counting c Counted twice 15 Are capital goods counted in GDP? a No, never b Only if they are sold abroad c Yes, if newly purchased 16 GDP includes production within the borders of a country regardless of what? a Nationality of producers b Length of production period c Type of business 17 Which of the following is included in GDP? a A used car sold this year b Foreign aid payments c A newly bought dental machine that increases production capacity 18 What is the purpose of GDP besides measuring output? a Set exchange rates b Guide government policies and business decisions c Determine population size 19 Which example illustrates GDP excludes? a Newly produced bread b Newly built factory c Sale of a used car 20 What does GDP not include? a Investments in capital goods b Pure money transfers without production c Exports of goods

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Froggy Money Quest

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Froggy Money QuestVersion en ligne

par Saima Uyag

What backs fiat money in most countries today?

What happens to purchasing power when inflation rises?

Which payment method reduces the need to carry cash?

Which institution typically manages a country's monetary policy?

What is a bank run?

Why do banks charge interest on loans?

What is a major drawback of barter systems?

What do Open Market Operations involve?

What is a store of value usually used for saving?

If money velocity rises with constant supply, what may happen?

What does GDP measure in a country?

GDP is calculated for a given what period?

Which items are counted in GDP: final or intermediate goods?

What happens to intermediate goods like wheat when counting GDP?

Are capital goods counted in GDP?

GDP includes production within the borders of a country regardless of what?

Which of the following is included in GDP?

What is the purpose of GDP besides measuring output?

Which example illustrates GDP excludes?

What does GDP not include?