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Money Quiz 29 (20 MCQs)

Quiz Instructions

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1. Out of the following characteristics, money must be effective. Which one directly affects its value?
2. For currency to be used effectively, it is best if it portable, durable, and .....
3. This is the total amount of coins, currency and electronic money in the economy and is controlled by the Federal Reserve.
4. Fiscal policies that try to increase output (Increase Gov't Spending or Decrease Taxes) is
5. A person who buys goods and services
6. 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?
7. Which of the following condition needed for financial institution become a bank
8. What is the name of Central Bank in India?
9. The Demand for Money is made up of
10. A sudden panic by depositors to withdraw their paper money from banks.
11. An investment type where an individual purchase something for a current price but receive it a later time
12. What is the reserve deposit ratio (rdr)?
13. Factors of production used in the making of goods & services
14. Money that can be easily divided into smaller units of value has the characteristic of
15. The oldest form of money in the United States is
16. 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 .....
17. Which type of money has value in itself (e.g., gold, cocoa beans)?
18. How long do coins that are in circulation last?
19. The fed manages the amount of ..... in the economy to try to keep inflation low and stable.
20. The fulfillment of the Federal Reserves dual mandate through the manipulation of the money supply and interest rates is called
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