Economic Terminology
Interest Rates, Exchange Rates and Inflation
- Created by: bronteappleby
- Created on: 07-03-14 12:59
Other questions in this quiz
2. QUESTION
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3. What is the correct definition of Exchange Rates?
- The price at which one currency is bought and sold for another
- A general increase in the price of good and services measured over a set period of time
- Price or Cost of borrowing money
- The amount of money taken from the general public by the Government to spend on Public Services
4. What is the correct definition of Taxation?
- A general increase in the price of good and services measured over a set period of time
- The price at which one currency is bought and sold for another
- The amount of money taken from the general public by the Government to spend on Public Services
- Price or Cost of borrowing money
5. What is the correct definition of Interest Rates?
- Price or Cost of borrowing money
- The amount of money taken from the general public by the Government to spend on Public Services
- A general increase in prices and full in the purchasing value of money
- The amount spent by the Government per year
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