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Money Quiz 19 (30 MCQs)

Quiz Instructions

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1. When I purchase a corporate ....., I am lending the corporation funds for a specific time. When I purchase a corporation's ....., I become an owner in the corporation.
2. Which of the following has not been used as a medium of exchange?A) B) animalsC) metalsD) salt
3. ..... is the relative ease and speed with which an asset can be converted into a medium of exchange.
4. The amount received in addition to the invested amount
5. In economics, resources are:
6. Items used to facilitate barter, keep value, and comparison shop
7. Emilio borrows $ 1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years? (I=prt, then add I to p to get the answer)
8. In the Money Market graph, the
9. Which one is NOT a form of money?
10. A type of money that has value because it can be exchanged for something else of value (ex. gold).
11. It allows us to trade
12. Economists point out that money serves three main purposes. They are all of the following EXCEPT:
13. The buying an selling of government securities in financial markets is an example of
14. Out of the following characteristics, money must be effective. Which one directly affects its value?
15. For currency to be used effectively, it is best if it portable, durable, and .....
16. This is the total amount of coins, currency and electronic money in the economy and is controlled by the Federal Reserve.
17. Fiscal policies that try to increase output (Increase Gov't Spending or Decrease Taxes) is
18. A person who buys goods and services
19. The fact that a $ 10 bill received today will still be worth $ 10 100 years from now is an example of which function of money?
20. Which of the following condition needed for financial institution become a bank
21. What is the name of Central Bank in India?
22. The Demand for Money is made up of
23. A sudden panic by depositors to withdraw their paper money from banks.
24. An investment type where an individual purchase something for a current price but receive it a later time
25. What is the reserve deposit ratio (rdr)?
26. Factors of production used in the making of goods & services
27. Money that can be easily divided into smaller units of value has the characteristic of
28. The oldest form of money in the United States is
29. The function of money which refers to it as a way to conduct trade and its being accepted as a means of payment for goods and services is referred to as .....
30. Which type of money has value in itself (e.g., gold, cocoa beans)?
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