
Banks, money, housing, and financial assets
Authored by Lerry Mehoi
Business
1st Grade
Used 2+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Commercial banks are firms that provide financial services including both short-term financial investment opportunities (interest on savings accounts for example) and long-term loans (mortgages for home purchases).
True
False
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is the function of commercial bank?
To promote monetary stability and a sound financial structure;
A firm that creates money (bank money) in the form of bank deposits in the process of supplying credit.
To make and receive payments
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the functions of Central Bank?
Sets the policy interest rate, which applies to banks that borrow base money from each other, and from the central bank. Also the central regulator.
To act as a banker and financial adviser to the Government;
To promote monetary stability and a sound financial structure;
To maximize profits
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
WHat are the functions of money?
A unit of account
A medium of exchange
A store of value
Tool for standard of deferred payment.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements about money are correct?
Money allows purchasing power to be transferred between consumers.
In economics, money refers to the coins and notes in circulation.
If I can exchange my apples for your oranges, then apples can be classified as money.
Banks must exist for money to do its work.
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the reasons people buy assets?
Medium of exchange.
To benefit from owning it
To be able to sell it later
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Corporate bonds are issuedby legal authorities
True
False
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