Financial Institutions

Which feature of money allows us to easily carry it?

• Scarcity

• Durability

• Uniformity

• Portability

Which feature of money allows us to divide a larger value into smaller values?

• Durability

• Divisibility

• Portability

• Acceptability

Which feature of money makes it long lasting?

• Durability

• Portability

• Divisibility

• Uniformity

Which of the following is not a function of money?

• Medium of exchange

• Unifrormity

• Measure of value

• Store of value

Which of the following is not a function of money?

• Standard of deferred payment

• Store of value

• Medium of exchange

• Scarcity

What is called a medium of exchange of goods and services?

What is the financial institution that act as an intermediary between borrowers and savers?

What is the type of banking that complies with sharia law?

Which of the following is not a function of central bank?

• Issue notes and coins of national currency

• Supervise and control all other banks

• Lend money to commercial banks

• Give loans to businesses and private individuals

Which of the following is not a function of commercial banks?

• Accept deposits in the form of savings

• Exchange foreign currencies

• Issue notes and coins of national currency

• Give loans to businesses and private individuals