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20 Cards in this Set
- Front
- Back
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. Double digit inflation
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means that every year prices are rising at the ten percent or more.
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Tanstaafl
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means “There Ain’t No Such Thing As A Free Lunch.” It means that nothing of value is free.
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Counterfeiting
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is the making of phony money.
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Clipping a coin
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means shaving the edges off.
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Reeding
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notches cut into the edges of coins.
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Debasing coins
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is melting them and reminting with a little more base-metal mixed in each time.
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Gresham’s law is
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that bad money drives good money out of circulation (out of use). People want to save the good money and use the bad money to buy things to get rid of it.
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Where does the government get money to provide thegoods and services it deems necessary?
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taxes
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Prior to 1965 which coins were reeded and which were not.
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Quarters, dimes, and half-dollars were reeded because they were made of silver and people wanted to be sure they hadn’t been clipped.
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Why were nickels and pennies not reeded? |
Nickels and pennies were not because there were made of not made of precious metals.
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Do today's quarters, nickels,and dimes have any silver? |
no |
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What were the Israelites commanded to do with their fields everyseven years?
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rest the land every seventh year
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Were the Israelites permitted to charge interest on loans made to theirfellow countrymen?
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No |
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The Israelites were commanded to leave the gleanings of theirfield for whom?
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the needy and the foreigner.
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According to Proverbs 13:18, what will come to him who neglectsdiscipline?
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Poverty and shame
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What does the Bible say happened to someone who borrows? |
He becomes the lender's slave |
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What is the modern term for becoming the surety for the debt of another?
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co-signer
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Other than the kingdom of God, what subject did Jesus address the mostin His teaching?
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Money |
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Jesus asked what it would profit a man if he gained the whole world butforfeited his _________.
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Soul |
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What did the Bible teach in Luke 12:48 about one who has been given much? |
Much will be required |
