CHAPTER 6 : MONEY & BANKING
Quiz
•
Social Studies
•
1st Grade
•
Practice Problem
•
Hard
MASLIZA MAZLAN
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
People have so many reasons to hold their money. Choose of the following situation to describe the reasons.
I. To pay clinic bills
II. To buy foods and drinks
III. To pay transportation services
IV. To make a profitable investment
I and II only
II and III only
III and IV only
All of the above
2.
MULTIPLE CHOICE QUESTION
45 sec • 10 pts
Calculate the value of M2
RM122,055
RM118,055
RM120,555
RM128,055
3.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Compute the value of paper money if the coin amount is RM2,555
RM5,000
RM4,945
RM3,445
RM7,445
4.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
All of the options below are the components of quasi money EXCEPT
Bank Negara certificate
Negotiable certificate
Fixed and savings deposits in other financial institutions
Fixed and savings deposits in commercial bank
5.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
The main purpose of the Bank Negara Malaysia is to
invest in property
print money
grant loans
accept deposit from public
6.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
Which of the following option is the function of the central bank as a banker to commercial banks?
Managing the national debt
Control foreign exchange
Policy maker for monetary policy
Lender of the last resort
7.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
M1 money supply in Malaysia consists of
coins, currency notes and cheques
currency in circulations and saving deposits
fixed deposit, saving deposits and negotiable certificates of deposits
currency in circulation, saving deposit and time deposit
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