Exercises

Exercises

University

7 Qs

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Exercises

Exercises

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

لمى الزمامي

Used 2+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Barter system means:

A: Money is used for exchange

B: pricing

C: Mutual need between seller and buyer

D: Ease of price comparison

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The function of the central bank:

A: Money guarantees

B: accept the deposit

C: Supervising commercial banks

D: Acts as payment agents

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

------------ 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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

A bank

Savings Account

Loan

Credit card