CFA 2026 Level I Economics Gold Currency Free Quiz 1

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CFA 2026 Level I Economics Gold Currency Free Quiz 1

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CFA 2026 Level I Economics Gold Currency Free Quiz 1

Practice CFA 2026 Level I Economics MCQs from Gold Currency. Get instant results with Explanation.

General10 MCQs

1. How is gold considered a currency alternative?

A. A store of value and medium of exchange, not issued by a government.B. A fiat currency issued by a government.C. A digital currency.D. A commodity currency.

2. What is the relationship between gold and fiat currencies?

A. Direct relationship with fiat currencies.B. Used as a hedge against fiat currency devaluation.C. A substitute for fiat currencies.D. A complement to fiat currencies.

3. What is the relationship between gold and the US dollar?

A. Direct relationship.B. No relationship.C. Inverse relationship.D. Positive relationship.

4. Why do central banks hold gold as a reserve asset?

A. For interest income.B. For dividends.C. For industrial use.D. To diversify reserves and hedge currency risk.

5. What was the gold standard?

A. A system where currency was backed by gold.B. A system of floating exchange rates.C. A system with no backing for currency.D. A system where currency was backed by silver.

General10 MCQs

6. Why has gold been used as money historically?

A. Because of its industrial use.B. Because of its durability, divisibility, scarcity, and portability.C. Because of its abundance.D. Because of its low value.

7. How did the gold standard affect international trade?

A. A system of floating exchange rates.B. A system with no common standard of value.C. A system that facilitated international trade.D. A system that limited international trade.

8. How were exchange rates determined under the gold standard?

A. Supply and demand.B. Government decree.C. Central bank intervention.D. Gold content of each currency (mint parity).

9. What was the Bretton Woods system?

A. A gold-exchange standard with the US dollar backed by gold.B. A floating exchange rate system.C. A classical gold standard.D. A bimetallic standard.

10. What was a criticism of the gold standard?

A. Allowed unlimited expansion of money supply.B. Limited money supply expansion during downturns.C. Caused inflation.D. Provided full policy flexibility.

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Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 135 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Alternative Investments: 8 MCQs
Corporate Issuers: 7 MCQs
Derivatives: 5 MCQs
Economics: 7 MCQs
Equity Investments: 12 MCQs
Ethics: 16 MCQs
Financial Statement Analysis: 11 MCQs
Fixed Income: 11 MCQs
Portfolio Management: 9 MCQs
Quant Methods: 6 MCQs

Merit Formula: -

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