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