Remember: A gold standard promises gold for money, and it only works while the promise is kept.
Questions
1
Which one is not true about Goldmere and the gold standard?
🏃Too many notes can start a rush on the vault🔒A note could never be swapped for gold📜A note could be swapped for a bar of gold
2
📜Is it true? A note could be swapped for a bar of gold.
TrueFalse
3
Which one is true about Goldmere and the gold standard?
📜A note could be swapped for a bar of gold🔒A note could never be swapped for gold💰Goldmere had plenty of gold in its vault at the close
4
Which one is true about Goldmere and the gold standard?
🏋️Gold coins were light to carry🔒A note could never be swapped for gold⚖️Goldmere printed one note for each bar
5
Which one is true about Goldmere and the gold standard?
👑The gold standard still rules every country today🆓Printing extra notes costs the village nothing🚫No country promises gold for its money today
6
Which one is true about Goldmere and the gold standard?
👑The gold standard still rules every country today🚫No country promises gold for its money today🏋️Gold coins were light to carry
7
🆓Is it not true? Printing extra notes costs the village nothing.
TrueFalse
8
Which one is true about Goldmere and the gold standard?
👑The gold standard still rules every country today🏃Too many notes can start a rush on the vault🔒A note could never be swapped for gold
9
Which one is not true about Goldmere and the gold standard?
💰Goldmere had plenty of gold in its vault at the close📜A note could be swapped for a bar of gold🪶Notes were lighter than gold coins
10
Which one is not true about Goldmere and the gold standard?
🏋️Gold coins were light to carry🏦Tomas kept the gold in a vault🌍Many real countries once tied their money to gold
11
Which one is not true about Goldmere and the gold standard?
👑The gold standard still rules every country today🏦Tomas kept the gold in a vault🏃Too many notes can start a rush on the vault
12
Which one is not true about Goldmere and the gold standard?
⚖️Goldmere printed one note for each bar🏦Tomas kept the gold in a vault🏋️Gold coins were light to carry
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Answer key · Set B
The gold standard
1A note could never be swapped for gold
2True
3A note could be swapped for a bar of gold
4Goldmere printed one note for each bar
5No country promises gold for its money today
6No country promises gold for its money today
7True
8Too many notes can start a rush on the vault
9Goldmere had plenty of gold in its vault at the close
10Gold coins were light to carry
11The gold standard still rules every country today
12Gold coins were light to carry
Mark each answer, count the right ones and write the score on the sheet.