Money Coins & Paper
A coin made of layers of different metals.
What is a clad or sandwich coin?
Large increases in the supply of money are always followed by this.
What is increase in wages and prices?
Shares in the ownership of a company are called this.
What is stocks?
The higher law than any government law in which a judge must discover and apply.
What is Natural Law?
The mint mark of a coin.
What is hallmark?
A disk of base metal which can be used as a substitute for a coin.
What is a token?
Prices rising rapidly, as in every few hours.
What is hyperinflation?
This abbreviation describes money as currency, checking or savings accounts, travelers checks, etc.
The One who grants rights to life, freedom and property.
Who is the Creator?
The correction period following inflation.
What is a depression?
The difference between a coin and a token.
What is a precious metal?
This "spiral" is the result of inflation.
What is wage/price spiral?
The speed at which money changes hands.
What is velocity?
A country's economic prosperity (or lack thereof) is directly related to this.
What is its legal system?
The beginning of a depression that never went all the way.
What is a recession?
The year silver was removed from dimes and quarters.
What is 1965?
When people reject money and use a new currency like gold or silver.
What is the end of runaway inflation?
When a government slows the creation of M2.
What is recession?
The dominant political and economic philosophy by the 1960s.
What is socialism?
2 qualities good money must have.
What are small, easy to move, widely desired, corrosion proof, scarce, hard to copy? (any combination)
The grooves in a dime or quarter.
What is reeding?
Prosperity followed by recession followed by prosperity followed by recession, and so forth.
What is the business cycle or the boom/bust cycle?
The year in which we experienced the worst recession since the Great Depression.
What is 1982?
The opposite of original American philosophy; political power is a good thing as in Venezuela.
What is statism?
Reducing the value of a coin by reducing the amount of precious metal in it.
What is debasing?