Grade 12 Quiz on Unit 3 Monetary, Finance and International Econ
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Social Studies
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12th Grade
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Practice Problem
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Easy
Marisol Fumar
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2 Slides • 15 Questions
1
Quiz Unit 3 Monetary, Finance and
International Economics
By Marisol Fumar
2
Multiple Choice
Which type of inflation occurs when the prices of the factors of
production go up?
Cost-push inflation
Demand pull inflation
Built in inflation
None of the options
3
Multiple Choice
Which important figure of cooperatives focused on mutual support and
lending based on the character and needs of the borrowers?
Charles Fourier
Friedrich Wilhelm Raiffeisen
Rochdale Pioneers
Robert Owen
4
Multiple Choice
Which type of cooperative provide various services to their members,
such as transportation, housing, or healthcare?
Agriculture cooperative
Thrift and credit cooperative
Consumer cooperative
Service cooperative
5
Multiple Choice
Which EXEMPTION of Gross Domestic Product is unemployment
benefits or social security benefits?
Barter
Illegal transactions
Second hand products
Transfer payments
6
Multiple Choice
Robert Owen advocated for "villages of cooperation" where communities
would be self-sufficient and self-governing.
True
False
Maybe
Never
7
Multiple Choice
What were the Fenwick Weavers' Society in Scotland provided their members?
Benefits
Money
Oatmeal
Porridge
8
Open Ended
Why is it that second hand goods NOT included in the computation of GDP?
9
Multiple Choice
In what way GNP different from GDP?
Amount of money remitted
The length of time it is calculated
Calculated within the country's boundaries
Calculated regardless of the location of the citizen
10
Multiple Choice
Which of the following Prime Minister of Thailand started to modernize
Thailand’s economic development?
Kriangsak Chamanan
General Prem Tinsulananda
Police Lieutenant ColonelThaksin Shinawatra
Field Marshal Sarit Thanarat
11
Multiple Choice
A Thai citizen has a business in Singapore and he send a monthly allowance
of 65,000 baht to his son studying at Chiang Mai University.
Calculated in the GDP
Calculated in GNP
Calculated in both GDP and GNP
Neither is calculated in GDP nor in GNP
12
Open Ended
In what way deflation becomes a problem of the economy?
13
Fill in the Blanks
Higher interest rates tend to attract foreign investment increasing demand
for currency, causing it to
Type answer...
14
Multiple Choice
In trade balance, a trade deficit can ____________ the currency.
appreciate
bolster
strengthen
weaken
15
Multiple Choice
How does politics in a country affect exchange rates?
Political instability causes will attract investors taking
advantage of the situation
Good governance are attracted investors, leading to a stronger exchange rate
Good governance does not need investors as it leads to economic growth
Political stability makes good business within the country
16
Multiple Choice
if you expect a currency's value to decrease, you "_______________"
go short
go long
both a and b
neither a or b
17
Quiz Unit 3 Monetary, Finance and
International Economics
By Marisol Fumar
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