Economics Study Guide

General

141 answers | 440 clues

Must-Know (7)

the pound 13x 7.7% stumper $615 avg J:9 DJ:4

J $100 1989 In Northern Ireland, 100 new pence equal 1 of these

J $600 2008 To buy 16 ounces of cookies in Cairo, you'll need the Egyptian this

DJ $4,600 DD 2016 It’s the basic monetary unit of Gibraltar

the ruble 13x 15.4% stumper $662 avg J:4 DJ:9

J $300 1990 The only currency you can use to buy a Big Mac at the biggest McDonald's in the world

DJ $800 1997 It takes about 22,500 of these Belarussian monetary units to equal 1 American dollar

DJ $1,600 2006 It's the unit of currency of the bill seen here

the rupee 12x 9.1% stumper $827 avg J:5 DJ:6 FJ:1

J $300 1994 In the 1980s Maldives changed its currency name from this, the same as India's, to the Rufiyaa

J $600 2024 The name of this currency used in India comes from Sanskrit for "silver"

DJ $1,600 2016 Pakistan

Adam Smith 11x 10.0% stumper $890 avg J:2 DJ:8 FJ:1

J $400 2006 In a 1776 work he wrote, "Consumption is the sole end and purpose of all production"

J $500 2001 Mercantilism was shot down by this economist in his "Wealth of Nations"

DJ $1,000 1992 The writings of this 18th century Glasgow University professor formed the basis of modern economics

the yen 9x $544 avg J:4 DJ:5

J $100 1990 In Japan 100 sen don't make a breath freshener but one of these

J $600 2016 A strong desire or longing

DJ $1,200 2022 The name of this Japanese currency actually comes from a Chinese word

Italian lira 9x $767 avg J:2 DJ:7

J $200 2006 The name of this Maltese currency comes from the Latin libra, meaning "pound"

DJ $1,200 2021 Latin for "pound" gives us this name of the former currency of Italy & current currency of Turkey

DJ $400 1994 Malta, Turkey & Italy use units called this

the peso 8x $362 avg J:2 DJ:6

J $200 2024 The front of the 1 this coin says, "Estados Unidos Mexicanos"

DJ $800 2016 Argentina

DJ $400 2022 The Philippines, with a Spanish heritage, uses this as its basic unit of currency

Should-Know (18)

Milton Friedman 7x 66.7% stumper $1,383 avg DJ:6 FJ:1

DJ $500 DD 1993 The theory of this University of Chicago economist is populary called Monetarism

DJ $1,000 1995 Professor of Economics at the University of Chicago 1948-1982, he won a 1976 Nobel Prize

FJ 1998 In 1980 he hosted a 10-part PBS series & co-authored the companion book, both titled "Free to Choose"

the shekel 7x 14.3% stumper $871 avg J:3 DJ:4

DJ $600 1996 This Israeli currency originated with the Babylonians

J $1,000 2019 About $2.80 of ours equals 10 of this currency in 2019 rates

DJ $600 1995 According to some sources, this Hebrew currency was first coined in the 2nd century B.C.

the dollar 7x 14.3% stumper $286 avg J:5 DJ:2

J $100 2000 Australia, Guyana, Taiwan

DJ $600 DD 1986 Of basic national monetary units, this is the world's most common name

J $200 1989 Whether you're in Zimbabwe or Hong Kong, 100 cents add up to 1 of these

John Maynard Keynes 7x 28.6% stumper $1,371 avg J:1 DJ:6

DJ $1,000 1992 This British economist became a director of the Bank of England in 1941

DJ $2,000 2017 This economist in the Bloomsbury Group theorized governments must practice deficit spending during depressions

DJ $2,000 2011 In 1944 this British baron traveled to Bretton Woods, New Hampshire, where the IMF was created

a franc 7x 14.3% stumper $514 avg J:3 DJ:4

DJ $400 1995 The islands of St. Pierre & Miquelon just south of Newfoundland use this basic unit of currency

DJ $800 DD 1987 Whether buying a macaroon in Cameroon or a bongo in the Congo, you'd use currency w/a basic unit called this

J $300 2000 Benin, Belgium, Monaco

inflation 6x 16.7% stumper $434 avg J:1 DJ:5

DJ $5 DD 2017 Full employment can be defined as the highest percentage that won't trigger this as workers ask for more money

DJ $1,200 2018 For price stability & maximum employment, the Fed aims to keep this figure at 2% over time

J $200 2011 Theories that try to explain this steady rise of prices include cost-push & demand-pull

a dime 6x 16.7% stumper $483 avg J:4 DJ:2

DJ $200 1996 This present U.S. coin has a torch on its reverse

J $500 1989 U.S. coin on which you'd find a torch & sprigs of oak & laurel

DJ $1,200 2016 Lady Liberty used to be on the obverse of this coin until a president began getting face time in 1946

the $2 bill 5x $400 avg J:2 DJ:1 FJ:2

DJ $200 1991 Thought to bring bad luck, this bill was withdrawn from circulation in 1966, it was later reissued

J $600 2016 The sage of Monticello

FJ 1995 On April 13, 1976 the reverse of this bill was changed from a presidential home to an event

In God We Trust 5x $280 avg J:3 DJ:2

J $200 2010 A law passed in 1955 designated that this motto must appear on all U.S. coins & currency

DJ $200 1991 An 1864 2-cent piece was the first U.S. coin to bear this motto

J $200 1984 4 little words carried on all U.S. currency

Gold 5x $500 avg J:4 DJ:1

DJ $200 1995 Like guilder in Dutch, zloty in Polish refers to this metal

J $1,400 DD 2019 In an effort to diversity its portfolio, Canada sold most of this, becoming the only G7 member with less than 100 tons

J $300 1994 Like the old Dutch guilder, the British guinea was made of this metal

the shilling 5x 20.0% stumper $600 avg J:2 DJ:3

J $200 2003 Before the Euro, 100 groschen in Austria made one of these, abbreviated S or SCH

DJ $600 1996 This old British unit was abbreviated s.

DJ $1,000 1994 Divided into 100 groschen, it's the main unit of Austria

Venezuela 4x $1,300 avg J:3 DJ:1

J $500 1989 100 centimos will get you 1 bolivar in this country, Bolivar's homeland

DJ $1,600 2019 In 2018 this country introduced the sovereign bolívar, dropping 5 zeroes so something that cost 5 mil. old bolívars is now just 50

J $600 2024 Worth around a quarter, this country's one-million Bolivar note was recently reminted as a one Bolivar note

the Federal Reserve 4x 25.0% stumper $425 avg J:1 DJ:3

DJ $400 2009 It's the central bank of the United States

J $500 1986 99% of paper currency now in circulation in the U.S. was issued by this body

DJ $400 1994 The Monetary Control Act of 1980 requires U.S. banks to deposit funds with this central banking system

Andrew Jackson 4x 33.3% stumper $800 avg J:1 DJ:2 FJ:1

DJ $200 1994 He appeared on the $10 Federal Reserve note circa 1914; today, he's on the $20

J $1,000 2015 He's worth 40% of Ulysses S. Grant

FJ 2019 In 1929 Alexander Hamilton became the new face of the $10 bill, replacing this foe of his legacy, who got moved to another denomination

Abraham Lincoln 4x 25.0% stumper $875 avg J:1 DJ:3

DJ $200 1992 He's the only president sporting facial hair

DJ $1,000 DD 1996 In 1909, the centennial of his birth, he was put on a U.S. coin

J $300 1987 Only president to have his name on both the front & back of a currently circulated bill

the rand 4x 50.0% stumper $1,300 avg J:1 DJ:3

J $400 2016 Senator Paul, elected in 2010

DJ $1,600 2019 Wildlife including rhinos & elephants appear on different denominations of this monetary unit of South Africa

DJ $1,600 2016 This South African currency is also legal tender in Lesotho & Swaziland

the penny 4x 25.0% stumper $325 avg J:2 DJ:2

J $100 2001 This denomination is the oldest coin still in circulation, having been first minted in 1793

J $400 1998 In 1943 the Treasury Dept. minted this coin in zinc-coated steel

DJ $400 2016 In 2015 a California man paid $2.5 million (or 250 million of these) for just one of these made in 1792

Eagle 4x 25.0% stumper $275 avg J:3 DJ:1

J $200 2008 An 1873 law states that this creature must appear on the reverse of all U.S. coins greater than 10 cents

J $400 1991 This $10 gold piece, issued from 1795-1933, was named for the bird on its back

J $100 1999 An 1873 law states that this creature must appear on the reverse of all U.S. coins greater than 10 cents

Worth Knowing (116)

zinc 3 the euro 3 Thailand 3 sterling 3 Spain 3 Sierra Leone 3 Scrip 3 Postmaster General 3 Poland 3 Philadelphia 3 Panama 3 legal tender 3 insurance 3 Independence Hall 3 Hamilton 3 gross national product 3 Gross Domestic Product 3 Greece 3 Germany 3 Das Kapital 3 Columbus 3 coins 3 China 3 Canada 3 Brazil 3 Australia 3 a bond 3 Thomas Jefferson 3 the Treasury 3 the guilder 3 tax 3 Nickel 3 Monticello 3 Martha Washington 3 counterfeit money 3 a subsidy 3 a recession 3 a drachma 3 Zimbabwe 2 wampum 2 unemployment 2 the yuan 2 the World Bank 2 the Treasury Department 2 the Sphinx 2 the Southern Cross 2 the Sherman Antitrust Act 2 the Mark 2 the gold standard 2 the decimal system 2 the consumer price index 2 the Colon 2 the business cycle 2 the $50 2 the $10,000 bill 2 the $10 bill 2 Switzerland 2 South Africa 2 sixpence 2 silver 2 San Francisco 2 Salmon P. Chase 2 pounds 2 pesos 2 McKinley 2 Massachusetts 2 macroeconomics 2 liquid 2 Liechtenstein 2 liberty 2 laissez-faire 2 Karl Marx 2 John Kenneth Galbraith 2 Iran 2 interest 2 Hawaii 2 happiness 2 Guyana 2 Genghis Khan 2 free trade 2 Franklin 2 Florence 2 fiscal 2 Ethiopia 2 Eisenhower 2 eight 2 demand 2 cotton 2 copper 2 competition 2 commodities 2 Che Guevara 2 cash 2 cartel 2 California 2 bullion 2 Belgium 2 Arthur Laffer 2 a lira 2 a farthing 2 100 2 "In God We Trust" 2 The Wealth of Nations 2 Ulysses S. Grant 2 palm trees 2 Sir Thomas Gresham 2 the U.S. Mint 2 the signing of the Declaration of Independence 2 the schilling 2 the real 2 the money supply 2 the minimum wage 2 The Lincoln Memorial 2 Robert F. Kennedy 2 money laundering 2 James Madison 2

Economics Study Guide

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