Chapter 19. The Little Currency That Could

EIA Activity: The Little Currency That Could

1. Question

   Use Link 1 to answer the following questions. True or False: From 1970 to 2014, the unemployment rate in Iceland averaged 5%.

   A.

   True.

   B.

   False.

2. Question

   True or False: Iceland’s highest unemployment rate in the period from 1970 and 2014 was 9.20% in September 2010.

   A.

   True.

   B.

   False.

3. Question

   Use Link 2 to answer the following questions. True or False: From 1998 to 2014, the unemployment rate in Greece averaged 10%.

   A.

   True.

   B.

   False.

4. Question

   True or False: The unemployment rate in Greece reached 28% in September 2013.

   A.

   False.

   B.

   True.

5. Question

   Use Link 3 to answer the following question. True or False: Since the banking crises of 2008, the Krona’s value has been cut in half.

   A.

   True.

   B.

   False.

6. Question

   Discuss the advantages and disadvantages of a country having its own currency versus sharing a currency with other countries.

   Your response will be graded by your instructor.

   Discuss the advantages and disadvantages of a country having its own currency versus sharing a currency with other countries.

• Point per question: 1pts for short answer 1pts for multiple choice
• number of attempts on quiz as a whole: 1 or unlimited?
• set which score reports to Gradebook: first, most recent, highest, or average
• Randomize answers (for multiple choice questions only)? Yes or no