3rd term Economics exam

3rd term Economics exam

2nd Grade

31 Qs

quiz-placeholder

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3rd term Economics exam

3rd term Economics exam

Assessment

Quiz

Business

2nd Grade

Easy

Created by

RODIAT AMBALI

Used 1+ times

FREE Resource

31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of exchanging goods without using money is called:

Inflation

Barter system

Banking

Credit transaction

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which institution is responsible for issuing currency in a country?

Commercial banks

Central bank

Stock exchange

Ministry of Finance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Barter money

Representative

Commodity money

Fiat money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a function of money?

Store of value

Unit of account

Medium of exchange

Means of enjoyment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The partnership agreement is also known as ---

Deed of contract

Memorandum of association

Articles of association

Partnership deeds

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The maximum number of people that can establish a partnership business is --

7

10

2

20

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

-- is also refers to as one man business

Public limited liability company

Sole proprietorship

Partnership

All of the above

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