Eco - Money

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Eco - Money

Money

Email *

Barter system facilitates credit transaction *

1 point

False

True

The nature of market of barter system is ________. *

1 point

a) Wide

b) Limited

c) Personal

d) Social

_________ is subsidiary money. *

1 point

a) Cheque

b) Paper

c) Share

d) Double

Medium of exchange is _______ function of money. *

1 point

a) Primary

b) Secondary

c) Contingent

d) Additional

In India, paper currency is known as _________ *

1 point

a) Legal tender money

b) Commodity money

c) Limited legal tender money

d) Optional money

__________ money is fully backed by gold and silver reserves. *

1 point

a) Fiat

b) Commodity

c) Token

d) Convertible

Money increases productivity of capital. *

1 point

True

False

Money performs only traditional functions *

1 point

True

False

Transfer of value is a _______ function of money *

1 point

a) Primary

b) Secondary

c) Partial

d) Semi-partial

The value of money is always stable. *

1 point

True

False

Money is what money does. *

1 point

True

False

_________ is lighter and convenient to carry *

1 point

a) Commodity money

b) Paper money

c) Metallic money

d) State money

A cheque is a first money *

1 point

True

False

Money facilitates estimation of national income. *

1 point

True

False

Value of all goods cannot be expressed in terms of money. *

1 point

True

False

In the initial stage of development, _______ was used *

1 point

a) Credit money

b) Paper notes

c) Metallic coins

d) Commodity money

In the barter system, there is direct exchange of goods. *

1 point

True

False

Introduction of _________removed difficulties of barter *

1 point

a) Metals

b) Bank

c) Money

d) Shares

Cheque is not legal tender money. *

1 point

True

False

Inconvertible paper money is called _________. *

1 point

a) Fiat money

b) Standard money

c) Bank money

d) Popular money

The money which is created by commercial banks is called _______ *

1 point

a) Credit money

b) Cash money

c) Paper money

d) Metallic money

Primary function of money is also known as _______ functions *

1 point

a) Derived

b) Essential

c) Limited

d) Unique

Rupee is ________ legal tender. *

1 point

a) Limited

b) Unlimited

c) Real

d) Ideal

Standard money means that coin in case of which face value and metallic value is same. *

1 point

True

False

The difficulties of barter system are removed by money. *

0 points

True

False

Exchange of goods for goods is called as _________ system. *

1 point

a) Real

b) Double

c) Barter

d) Good

Mobile Number *

Token coins are coins whose face value is grater than their intrinsic value. *

1 point

True

False

Money is a non-liquid asset. *

1 point

True

False

In the case of __________ coins, intrinsic value is less than their face value. *

1 point

a) Token

b) Full-bodied

c) Representative

d) Standard

Metallic coins are easily portable than paper notes. *

1 point

True

False

_________ is what money does. *

1 point

a) Capital

b) Labour

c) Money

d) Land

Cheque is _________ money *

1 point

a) Credit

b) Paper

c) Legal

d) Double

The most liquid asset is ______ *

1 point

a) Cheque

b) Money

c) Perishable

d) Token

Commodity money is not useful for storage because commodities are _________ *

1 point

a) Durable

b) Perishable

c) Storable

d) Comfortable

Money which carries no legal sanction but is accepted by people is called _________ money. *

1 point

a) Legal

b) illegal

c) optional

d) tender

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