This quiz works best with JavaScript enabled. Home > Institutions > General > Economic Institutions – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Institutions Quiz 6 (9 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A change in ownership of an asset, or a movement of funds and/or assets from one account to another. A) Transfer. B) Balanced Reciprocity. C) State-Market Relations. D) Banking. Show Answer Correct Answer: A) Transfer. 2. Which of the following statement is correct? A) Every member country of the IMF automatically becomes the member of the World Bank. B) The World Bank has 45 founder members. C) India is not the founding member of the World Bank. D) IMF is the part of World Bank group. Show Answer Correct Answer: A) Every member country of the IMF automatically becomes the member of the World Bank. 3. All of the following are economic institutions EXCEPT: A) Banks. B) Credit union. C) Insurance Companies. D) Court. Show Answer Correct Answer: D) Court. 4. It is the institution that provides for the production and distribution of goods and services, which people in every society need. A) Markets and States. B) Economy. C) Redistribution. D) Transfers. Show Answer Correct Answer: B) Economy. 5. Where is the headquarter of the WTO? A) New York. B) Geneva. C) Barcelona. D) Paris. Show Answer Correct Answer: B) Geneva. 6. Which of the following is a for-profit institution that offers numerous financial services? A) Commercial bank. B) Credit union. C) School. D) Financial counselor. Show Answer Correct Answer: A) Commercial bank. 7. Tyler needs a place for his paycheck to be direct deposited, he knows he will not earn much interest and does not really like being a member of anything. What would be Tyler's best choice? A) Credit Union. B) Bank. C) Title Pawn. D) Payday Loan. Show Answer Correct Answer: B) Bank. 8. Which of the following body is not related to the WTO? A) Dispute Settlement Body. B) Council of trade in goods. C) Exchange Rate Management Body. D) Trade Policy Review Body. Show Answer Correct Answer: C) Exchange Rate Management Body. 9. What service offered by a bank involves keeping valuables safe (other than just money)? A) Savings account. B) Checking account. C) Safe-deposit box. D) Drive-through window. Show Answer Correct Answer: C) Safe-deposit box. ← PreviousRelated QuizzesInstitutions QuizzesEconomic Institutions Quiz 1Economic Institutions Quiz 2Economic Institutions Quiz 3Economic Institutions Quiz 4Economic Institutions Quiz 5 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books