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History of Colombian pesos and inflation
  • 1. What is the currency of Colombia?
A) Colombian bolivar
B) Colombian real
C) Colombian peso
D) Colombian dollar
  • 2. What is the ISO code for the Colombian peso?
A) CUP
B) COP
C) COL
D) CPE
  • 3. Which organization is responsible for issuing currency in Colombia?
A) Banco Agrario
B) Superintendencia Financiera
C) Ministerio de Hacienda
D) Banco de la República
  • 4. What global event in the early 21st century influenced inflation in Colombia?
A) Political stability
B) Global economic crisis
C) Technology boom
D) Rise in oil prices
  • 5. What is commonly used to measure inflation?
A) Consumer Price Index (CPI)
B) Purchasing Power Parity (PPP)
C) Balance of Trade
D) Gross Domestic Product (GDP)
  • 6. What is the effect of high inflation on currency value?
A) Increases value
B) Decreases value
C) No effect
D) Stabilizes value
  • 7. What role do remittances play in Colombia's economy?
A) Create inflation
B) Provide income and stabilize currency
C) Increase debts
D) Reduce exports
  • 8. Which of the following is a measure taken to control inflation?
A) Increasing interest rates
B) Printing more money
C) Decreasing taxes
D) Subsidizing prices
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