ScienceEconomicsmoney example #27150
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money example #27150

Eliana Cook avatar Eliana Cook
3 July 2024
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10 test answers

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question
Why must old currency be taken out of circulation when new currency is made?
answer
Too much currency in an economic system will cause inflation.
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What is true of representative money? Check all that apply.
answer
1,3,4
question
The condition of a country's _____ depends on its people's ability to exchange money for goods and services.
answer
economy
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In the United States, dollar bills, nickels, and dimes are
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different denominations
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Exchange rates can indicate economic health by
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showing the relative strength of different nations' currencies.
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What might cause a change in the value of fiat money?
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a change in government regulations
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When might it be important to know a currency's exchange rate?
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when planning expenses for an overseas trip
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What is one problem that might commonly occur when one is bartering?
answer
Two people have different ideas about the value of an item.
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The term "liquidity" refers to
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how quickly money can be exchanged.
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How is using money related to bartering?
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It is a substitute for bartering.