MONEY & CREDIT

Since money acts as an intermediate in the exchange process, it is called:

• (a) value for money

• (b) exchange value

• (c) medium of exchange

• (d) none of these

2. Modern forms of money include:

• (a) Currencies

• (b) gold coins

• (c) silver coins

• (d) copper coins

Under Barter System the exchange of goods require ____.

• Double coincidence of wants

• A good transport system

• Advertising

• Communication

  
  

A demand deposit is the ____.

• Interest paid on a deposit

• Amount you can take as a loan

• Facility to withdraw money at any time

• Facility to open a bank account on demand

  
  

A payment made by account payee cheque means-

• (a) anyone can present the cheque and get payment from the bank

• (b) only drawee can deposit the cheque and get credit in his bank account

• (c) the cheque can be given by the drawee to third party who can get credit in his account.

• (d) none of these

Which of the following does not come under modern forms of money?

• (a) Currency

• (b) Cheque Payments

• (c) Demand deposits

• (d) Loan Payments

Money :

• (a) eliminates double-coincidence of wants

• (b) acts as a common measure of value

• (c) acts as a store of value

• (d) all the above

At present which form of money is increasingly used apart from paper money?

• (a) bitcoins

• (b) Metallic money

• (c) Plastic money

• (d) All the above