he famous Taler coin from Europe is considered to be the originator of which of the following currencies?

Euro

Bolivar

Dollar

Amero

Which of the following is the most

different from the others?

A credit card

A smart card

A debit card

A prepaid card

The Amsterdam of 1600s was considered to be the home of which of the following?

Modern stock exchange

Modern currency exchange

Modern commodity exchange

Modern bond exchange

Which of the following describes the biggest difference between Ancient Persia and Ancient Greece?

Ancient Persia believed in the power of trade and free markets, Greece did not

Ancient Greece had a tributary economic system, Persia did not

Ancient Greece believed in the power of trade and free markets, Persia did not

Ancient Greece was an autocratic society based on a tributary economic system

The "tributary economic system can be best described as:

a trading system of public and private resources ownership.

a trading system focussed on providing goods to a central authority.

a trading system that is also known as a true market system

private resource ownership and individual decision makers

Which of the following is not considered to be the biggest benefit of going on a gold standard?

Less likelihood of deflation

Keeps interest rates low

Keeps inflation under control

Stimulates export growth

A

Which of the following is a correct

statement about hyperinflation?

People would tend to hold onto cash

It is better to be a lender than a borrower

People lose trust in their money

The import sector of a country suffers more than the export sector

Which of the following has the biggest impact in determining the values of international currencies?

Trade in goods and services

Firms engaged in currency speculation based on interest rates

War efforts being staged

Government debt

The use of cattle as money lead to which of the following financial terms:

cash

capital

collateral

calculation

The signing of the Treaty of Versailles in 1919 was considered the main reason for the collapse of this country's economy after WWl:

Russia

Germany

England

Japan

What is the main concern of a Government regarding deflation in an economy?

That housing prices will rise quickly

That people will delay purchases, leading to an economic slowdown

That seniors will suffer economically

That the economy will grow too quickly

What best describes the reason Canada stopped producing the silver dollar coin?

The Commodity Effect

The Cantillon Effect

The Gresham Effect

The Loonie Effect

What ancient western civilization invented the first coin money?

the Incas

the Greeks

the Romans

the Lydians

Which of the following is NOT a factor in money replacing barter?

Devaluation probleM

Indivisibility

Valuation dilemma

Portability

A mortgage on a house would considered which of the following?

A derivative

A bill of exchange

Leverage

Return on investment

Which of the following is considered to be the biggest development in money after coinage?

Bank cheque

Bills of exchange

The ducat

Treasury bill

The main reason "Rai" stones, from the island of Yap, were considered money was because:

they could find the stones on their island.

the needed something to value labour with.

people agreed to accept it as payment.

labour was considered to be a key factor.

What was the main reason that the government of New York pressured banks to start lending money to average Americans?

Consumer lay-away plans

Rising level of home rental costs

Loan sharking

Low interest rates

The earliest forms of debt (loans) were found as clay tablets in ancient Mesopotamia - on these tablets were evidence of:

Time period and interest rate

Time period and debt holder name

Debt holder name and interest rate

Interest rate and monetary value

Which of the following is as an early sign that a market collapse may occur?

Feelings that things are not okay and stock prices will likely fall

People have low levels of personal debt

Too many people placing money in the same type of financial asset

A high level of market interest rates

Which of the following currencies did the government try to hyperinflate to destroy capitalism in the country?

Chinese Yuan

Cuban Peso

Russian Ruble

North Korean Won

During WWll Germany used which of the following financial tactics to undermine the British economy and war effort?

Interest Rates

Counterfeiting

Currency Swaps

Short-Selling

Which international billionaire bet against the English pound in 1991 and made over a $1 billion in one day?

Warren Buffet

Carl Ichan

George Soros

Satoshi Nakamoto

The Bill of Exchange is considered an early form of?

Government Bond

Paper money

Commodity Money

None of the above

The auto industry is seen as the biggest reason this financial instrument became popular:

The term deposit

The credit card

The savings account

Cryptocurrencies