Money and Banking online Test

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Money and Banking online Test - 9

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Weekly Quiz Competition

Question 1
1 / -0

One of the functions of Central Bank among the following is

A
Bank of foreign exchange

B
Bank of delivery

C
Bank of securities

D
Bank of issue

Solution

It's the only bank, issuing currency in the economy.
Question 2
1 / -0

One of the functions of commercial l banks among the following is

A
Accepting deposits

B
Accepting coins

C
Accepting securities

D
Accepting paper

Solution

Without accepting deposits ,credit creation is impossible.
Question 3
1 / -0

An economy based on barter system is also called as

A
M-M economy

B
C-C economy

C
B-B economy

D
D-D economy

Solution

Commodities are exchanged for commodities.
Question 4
1 / -0

Currency notes and coins are called as:

A
Flat money

B
Legal tenders

C
Legal tenders and Fiat money

D
Fiat money

Solution

Legal tenders and Fiat money
Question 5
1 / -0

In the terminology of economics and money demand, the terms M1 and M2 are also known as :

A
Short money

B
Narrow money

C
Broad money

D
Long money
Question 6
1 / -0

Which one of the following is not a secondary function of money

A
Standard of deferred payments

B
Measure of value

C
Store of value

D
Cant’ say

Solution

Measure of value is a primary function of money.
Question 7
1 / -0

Which one of the following is not a secondary functions of money

A
Standard of deferred payments

B
Store of value

C
Medium of exchange

D
Cant’ say

Solution

Medium of exchange is a primary function of money.
Question 8
1 / -0

In the terminology of economics and money demand, the terms M3 and M4 are also known as :

A
Narrow money

B
Broad money

C
Long money

D
Short money
Question 9
1 / -0

The narrow definition of money is based on

A
Transferability of money

B
Store of value function

C
Medium of payment function

D
Cant’ say

Solution

Narrow money is most liquid.
Question 10
1 / -0

The broad definition of money is based on

A
Store of value function

B
Medium of payment function

C
Transferability of money

D
Cant’ say

Solution

Broad money is less liquid. So ,based on store of value function.

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Re-Attempt Weekly Quiz Competition

Money and Banking online Test - 9

Result

Money and Banking online Test - 9

Score

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Rank

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SHARING IS CARING

Question 1

Bank of foreign exchange

Bank of delivery

Bank of securities

Bank of issue

Solution

Question 2

Accepting deposits

Accepting coins

Accepting securities

Accepting paper

Solution

Question 3

M-M economy

C-C economy

B-B economy

D-D economy

Solution

Question 4

Flat money

Legal tenders

Legal tenders and Fiat money

Fiat money

Solution

Question 5

Short money

Narrow money

Broad money

Long money

Question 6

Standard of deferred payments

Measure of value

Store of value

Cant’ say

Solution

Question 7

Standard of deferred payments

Store of value

Medium of exchange

Cant’ say

Solution

Question 8

Narrow money

Broad money

Long money

Short money

Question 9

Transferability of money

Store of value function

Medium of payment function

Cant’ say

Solution

Question 10

Store of value function

Medium of payment function

Transferability of money

Cant’ say

Solution

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