Macroeconomics - (Money & Banking)

----- are the key players in the monetary system

• People

• Governments

• Businesses

• Banks

Goods and services were directly exchanged for other goods and services in -----.

• Monetary system

• Barter system

• Economic system

• Trade system

Money facilitates the buying and selling of goods and services. What function money is serving here?

• Medium of exchange

• Store of value

• Measure of value

• Unit of account

Money acts as the basis of credit system. This is a ----- function of money.

• Primary

• Secondary

• Contingent

• Miscellaneous

Which of the following best describes the picture if we consider it as money?

• Commodity money

• Fiat money

• Currency money

• Representative money

What notes comes under money supply?

• Notes and coins

• Money in current account

• Money in savings account

   

• Money in fixed account

   

Which is the smallest measure of money supply?

• M1

• M2

• M3

• M4

Identify the one that is not a primary function of a bank.

• Accepting deposit

• Advancing loans

• Fund transfer

• Credit creation

Mr. Alex, age 70, is a customer of Bank Muscat. Suppose, he submitted a will to the bank and the bank executed the same after their death. Which agency function the bank is performing here?

• Trustee

• Executor

• Trustee and executor

• Principal and agent

Identify the apex institution in the banking and financial structure of Oman.

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