Which country was the first in Europe to use paper money?
ACC5044-Week 1

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Business
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University
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Hard
Babak Naysary
Used 14+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
France
Sweden
Germany
England
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the focal point of the international monetary system?
The gold reserve of each country
The exchange rate mechanism
The GDP of each country
The level of technological advancement in banking
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
After the Templars, who contributed to the development of the banking system in Europe?
German economists
Greek philosophers
Wealthy families in northern Italy
Spanish explorers
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Who laid the foundation of the modern banking system?
Italian families
The Templars
The Bank of England
Chinese merchants
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A disadvantage of the gold standard was:
It facilitated rapid economic growth
It limited the ability of governments to use monetary policies against economic troubles
It hindered the international monetary system
It limited the functions of fixed exchange rate system
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which is NOT a type of exchange rate mechanism?
Fixed-exchange rate system
Floating exchange rate
Managed exchange rate
Voluntary exchange rate
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following was used as a unit of value in primitive trading systems?
Paper notes
Cowrie shells
Gold coins
Credit cards
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