The Petrodollar and OPEC Quiz

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The Petrodollar and OPEC: a General level Economics quiz. Test your knowledge with 14 questions!
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Questions

Question 1
In which currency is oil primarily traded globally?
A US Dollar
B Euro
C Gold
D Japanese Yen
Question 2
What is a 'petrodollar'?
A A crypto-currency
B A local oil tax
C A type of paper gold
D Oil revenue earned in USD
Question 3
What does OPEC aim to influence?
A Human rights laws
B Global climate policy
C Internet speeds
D Oil supply and prices
Question 4
Which country is a major OPEC member?
A Saudi Arabia
B China
C United Kingdom
D Canada
Question 5
Why does the US dollar benefit from the petrodollar system?
A Constant global demand
B It is backed by oil
C It eliminates taxes
D It prints gold

📋 This quiz has 14 questions in total.

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