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History of Colombian pesos and inflation
Contributed by: Flynn
  • 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) COL
C) CUP
D) CPE
  • 3. Which organization is responsible for issuing currency in Colombia?
A) Superintendencia Financiera
B) Ministerio de Hacienda
C) Banco de la República
D) Banco Agrario
  • 4. What global event in the early 21st century influenced inflation in Colombia?
A) Political stability
B) Rise in oil prices
C) Global economic crisis
D) Technology boom
  • 5. What is commonly used to measure inflation?
A) Purchasing Power Parity (PPP)
B) Consumer Price Index (CPI)
C) Gross Domestic Product (GDP)
D) Balance of Trade
  • 6. What is the effect of high inflation on currency value?
A) No effect
B) Stabilizes value
C) Decreases value
D) Increases value
  • 7. What role do remittances play in Colombia's economy?
A) Increase debts
B) Provide income and stabilize currency
C) Create inflation
D) Reduce exports
  • 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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