CHAPTER 5

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MONEY AND BANKING

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Nurul Rifhan

Malaysia

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CHAPTER 5


CHAPTER 5Version en ligne MONEY AND BANKING par Nurul Rifhan 1 What is the best definition of money? a Anything with intrinsic value b Anything generally accept as means of payment c Anything declare by a company d Anything used for trade within families 2 Which of the following is not a function of money? a Medium of exchange b Store of value c Measure of value d Production of goods 3 Which characteristic of money ensures it lasts long and is not easily destroyed? a Divisibility b Durability c Portability d Stability 4 Which type of money is declared legal tender by the government a Token money b Fiat money c Commodity money d Demand deposit 5 Holding money for daily expenses like food and transport is called : a Precautionary motive b Transaction motive c Speculative motive d Investment motive 6 According to the Quantity Theory of Money, when money supply increases : a Prices fall b Prices remain unchanged c Prices tend to rise d Velocity decreases 7 Which pf the following is NOT a function of the central bank? a Issue currency b Maintain monetary stability c Provide personal loans d Manage gold reserves 8 Bank Negara Malaysia acts as : a Banker to government b Issue of currency c Manager of foreign reserves d All of the above 9 What is one major objective of the central bank? a To maximize profit b To stabilize prices and control inflation c To provide personal banking services d To issue company shares 10 Money eliminates the need for which system? a Gold standard system b Banking system c Barter system d Credit system

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CHAPTER 5

Test

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

Top Jeux

Test

Tissues - Practice Quiz

Test

Practice Quiz - Punnett Square, Variation, and Mutations

Test

Spanish Alphabet Listening

Test

Photosynthesis vs Cellular Respiration - Practice Quiz

Test

UPS 5 Seeing Habits Quiz

CHAPTER 5Version en ligne

par Nurul Rifhan

What is the best definition of money?

Which of the following is not a function of money?

Which characteristic of money ensures it lasts long and is not easily destroyed?

Which type of money is declared legal tender by the government

Holding money for daily expenses like food and transport is called :

According to the Quantity Theory of Money, when money supply increases :

Which pf the following is NOT a function of the central bank?

Bank Negara Malaysia acts as :

What is one major objective of the central bank?

Money eliminates the need for which system?