Fiscal and Monetary Policy

This refers to anything that the market accept as payment for goods and services.

• money

• bank

• goods

• services

True or False? During the ancient times barter was the system of trading, they use commodities as their money.

• TRUE

• FALSE

What relationship can be formed if people need big amount of cash and they need to barrow moneu from the banks?

• Banking-managing

• Debtor-creditor

• Fiscal relationship

• Monetary relationship

Which of the following is NOT a function of money?

• Standard Value

• Medium of Exchange

• Store Value

• Collection

He was an English Philosopher and the father of Modern Macroeconomics.

• Adam Smith

• Karl Marx

• Jean Jacques Rousseau

• John Meynard Keynes

This refers to the motive and desire of people to buy goods and services to satisfy needs and wants.

• transactional motive

• precautionary motive

• personal motive

• Speculative motive

This refers to the motive and desire of people to keep their money as safe aset to meet the yield inflationary risk associated with holding money.

• transactional motive

• precautionary motive

• speculative motive

• personal motive

This refers to the desire and motive of people to meet their emergency needs such as hospitalization.

• Precautionary motive

• speculative motive

• personal motive

• transactiona motive

Which of the following refers to the financial institution that provides services like loans, certificate of deposits, savings bank account, bank overdrafts, etc. to its customers.

• rural banks

• commercial banks

• thrift banks

• central banks

the Landbank of the Philippines and Agribank belongs to what type of banking institution?

• Commercial banks

• thrift banks

• central banks

• Rural banks