ECO211

What is the definition of money?

• Anything that can act as medium of exchange

• Anything that can we can sell at the market

• Anything that can act as a medium of saving

• Anything that shows status symbol of a person

Below are characteristics of money, EXCEPT

• Durable

• Recognizable

• Store of value

• Divisible

Which one below is the FUNCTION of money?

• Portable

• Durability

• Scarcity

• Standard of Deferred Payment

People Demand for money for THREE Motives according to an economist. What are they?

• Transactionary, Precautionary and Speculative Motive

• Working, Buying and Selling goods and services

• Transactionary, Promotionary and Prediction Motive

• Buying luxury goods, normal goods and inferior goods

M1, M2 and M3 are all

• Types of money demand in the economy

• Types of money supply in the economy

• Characteristics of money in Malaysia

• Types of inflation in Malaysia

Inflation is measured by...

• Consumer Price Index (CPI).
• Gross National Product (GNP).
• Gross Domestic Product (GDP).
• Securities & Exchange Commission (SEC).

It is the measure of a country's total production of final goods and services in a given period of time.

• Gross National Product

• Gross Domestic Product

• Exports

• Imports

What do you call an economic policy that is designed to influence the aggregate demand in order to control the economy?

• Spending policy

• National policy

• Fiscal policy

• Monetary policy

It shows the cycle of goods and services in an economy.

• Circular flow of goods

• Circular flow of money

• Circular flow of the economy

• Circular flow of resources

Which of the following situation describes unemployment?

• Robert is a full-time student.

• Sharon just graduated from college.

• George earns 70 pesos an hour.

• Gene works after school as a bagger at a local grocery store.