Money and Credit

Money and Credit

10th Grade

10 Qs

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Money and Credit

Money and Credit

Assessment

Quiz

Social Studies, Education

10th Grade

Practice Problem

Medium

Created by

Komal Mohite

Used 149+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a person wants to sell exactly what the other person wants to buy. This situation is known as

Barter System
Double coincidence of wants
Trading
None of these

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the form of money in medieval period?

Cowries
Paper Notes
Metallic Coins
Barter System

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A financial institution which accepts deposits from public and provide loans to them.

Share Market
Insurance Company
Banks
All of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debt-trap means :

Ability to pay back loan
Extravagance
None of the above
Increasing debt

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is the following is the important characteristic of modern form of currency?

It is made from precious metal
It is made from thing of everyday use
It is authorized by commercial banks
It is authorized by the Government of the country

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money can be best described as

Medium of transaction
Medium of exchange
Deposit in Banks
Payment through cheque

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An asset that the borrowers own, and use this as a guarantee to the lender, until the loan is repaid.

Security
Collateral
Property
All of these

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