Money and Banking

people can trade in goods and services which feature of money does this describe?

• unit of account

• standard of deferred payments

• medium of exchange

• store of value

with money it is possible to buy goods on credit. which function of money it shows?

• store of value

• standard of deferred payments

• unit of account

• none of the above

which of the following is characteristic of good money?

• durable

• portable

• changeable

• homogeneous

Business is allowed to do transaction even if there is no sufficient balance in the bank account is called....

central bank can offer loan on minimal interest charged by central bank is called as....................

if person can turn his assets into cash quickly without loss is called

these are are pre-printed, fixed-amount cheques, designed to allow payments across currencies.

which role of central bank represents when banks are temporarily short of cash

who can implement monetary policy in the country?

which of the following are components of monetary policy implemented by central bank of country?

• taxes

• interest rate

• exchange rate

• money supply