Money functions as a _____
Money and banking (AED)

Quiz
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Other
•
University
•
Hard
SALAWATI MUHAMMAD
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
medium of exchange
measure of value
store of value
all correct
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If George keeps a part of his earnings as cash in a safety deposit box, he is employing money as a ______
Store of value
measure of value
medium of exchange
None is correct
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Commodity money can best be defines as ______
an item that serves the function of money, but has no value as anything else
an item that serves the function of money and has other uses
the price of currency in relation to another
All correct
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following determines the amount a bank can lend to its customers?
Non-performing loans
Required reserve
Excess reserve
Non is correct
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The basic functions of ______ include accepting deposits from individuals and firms and providing loans to the public
a commercial bank
Bank Negara Malaysia
an insurance company
All are correct
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One cause for people holding money is to pay for unexpected medical bills and other unpredictable expenses. This motive for holding money is called _____
transaction motive
precautionary motive
speculative motive
spending motive
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank Negara Malaysia is frequently considered as banker to the banks because it _____
accepts deposits from the public
lowers the discount rate in order to restrict the money supply
holds bankers' reserves, provides banks with currency and loans, and clears their checks
has no monopoly power in printing paper currency
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