Exercises

Barter system means:

• A: Money is used for exchange

• B: pricing

• C: Mutual need between seller and buyer

• D: Ease of price comparison

You keep your money in your local bank that's what banks do?

• A: accept deposit

• B: make loans

• C: money protection

• D: Acting as Payment Agents

David went to Hardee's to buy his favorite (Superstar) meal and cookies for $4.25. In this case David used the money as:

• A: Medium of exchange

• B: Unit of measurement

• C. Store of value

• D- Store purchase

All of the following are available in commercial banks except:

• A: Money guarantees

• B: Works as a banker for the government

• C: Deposit accepted

• D: act as payment agents

The function of the central bank:

• A: Money guarantees

• B: accept the deposit

• C: Supervising commercial banks

• D: Acts as payment agents

------------ a medium that can be exchanged for goods and services, it’s also used as a measure of their values on the market.

• Loan Account

• Checking Account

• Debit card

• A Money

--------- an institution that deals in money and provides other financial services.

• A bank

• Savings Account

• Loan

• Credit card