Section 6: Questions on economics.

Question 1

Whose face currently appears on the
penny?

Answer 1

Lincoln

Question 2

Whose face currently appears on the
nickel?

Answer 2

Jefferson

Question 3

Whose face currently appears on the
dime?

Answer 3

FDR

Question 4

Whose face currently appears on the
quarter?

Answer 4

Washington

Question 5

Whose face currently appears on the
one dollar bill?

Answer 5

Washington

Question 6

Whose face currently appears on the
two dollar bill?

Answer 6

Jefferson

Question 7

Whose face currently appears on the
five dollar bill?

Answer 7

Lincoln

Question 8

Whose face currently appears on the
ten dollar bill?

Answer 8

Alexander Hamilton

Question 9

Whose face currently appears on the
twenty dollar bill?

Answer 9

Andrew Jackson

Question 10

Whose face currently appears on the
fifty dollar bill?

Answer 10

U.S. Grant

Question 11

Whose face currently appears on the
hundred dollar bill?

Answer 11

Benjamin Franklin

Question 12

What is happening to prices when a nation’s economy experiences “inflation”? What usually happens to prices during a “recession?”

Answer 12

Prices rise during inflationary periods (average price of everything, that is, even if individual prices don’t rise).

Prices usually decline during recessions.

Question 13

Why is April 15 a significant date in the U.S. economy?

Answer 13

It is the date that most Americans must file their income tax returns.

Question 14

Not counting the 2020 pandemic year, when did the last major recession in the U.S. economy occur?

Answer 14

2007-08

Question 15

When you deposit money into a bank savings or checking account, where does the money go?

Answer 15

Most of it gets lent out to others (though you still have the ability to withdraw what you deposited).