Practice tests · Chapter 1

Test on Chapter 1.5

A 26-question test on chapter 1.5 “Geld als Tauschmittel im Wirtschaftskreislauf” (pp. 22–30) of the book “Wirtschaft verstehen”.

What the test includes
The functions of money, cash and book money, currency and exchange rate (euro area, quantity and price notation, internal and external value), interest (reasons, rates, effective and nominal interest, KESt), and inflation (causes, the wage-price spiral, the consumer price index and basket of goods, the ECB's 2% target). Book theory only – no math and no German reading text.

The questions are based on the official book “Wirtschaft verstehen”. The scoring structure is exactly the same as in the exam.

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