Functions of Money - 2

Functions of Money - 2

University

20 Qs

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Functions of Money - 2

Functions of Money - 2

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Created by

Sujata Debnath

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are secondary functions of money also known as?

Basic functions

Core functions

Optional functions

Derivative functions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the standard of deferred payment refer to?

Barter payments

Paying in cash only

Payments made in the future

Interest-free loans

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following does money encourage as a standard of deferred payment?

Barter exchange

Trade deficit

Immediate payment

Lending and borrowing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a benefit of deferred payments?

Easier credit system

Simplified barter

Capital formation

Growth of financial institutions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has money contributed to the formation of financial institutions?

By replacing labor

By facilitating deferred payments

By increasing taxes

By limiting saving

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money as a store of value allows individuals to:

Spend only on services

Store wealth economically

Avoid using banks

Ignore inflation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which quality of money makes it easy to store for future use?

Universal acceptability

High volume

Expiry date

Non-portability

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