Economics 2nd CA

Which of the following is an example of commodity money

• Paper currency

• Gold coins

• Bank deposit

• Credit card

What type of money is issued by the government and has no intrinsic value?

• Commodity money

• Barter money

• Fiat money

• Representative money

Which of the following is NOT a function of money?

• Store of value

• Unit of account

• Medium of exchange

• Means of entertainment

What is the primary function of money?

• To serve as a medium of exchange

• To increase inflation

• To serve as a medium of exchange

• All of the above

Which institution is responsible for issuing currency in a country?

• Commercial banks

• Central bank

• Stock exchange

• Ministry of Finance

One of of the following is not a form of money.

• Partial money

• Impartial money

• Token money

• Legal tender

If each unit of money is the same as size, colour and quality throughout the nation , we say money is ---

• Stability

• Durability

• Homogeneity

• Potability

The system in which people directly exchange of one commodity for another is what?

• Exchange business

• Trade by barter

• Money

• All of the above

Which of the following is not a problem of trade by barter?

• No room for deferred payment

• Problem of indivisiblity

• Potability

• No fixed rate of exchange

One of the following is not a representative money

• Money

• Credit transfer

• Cheque

• Bank note