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