Money and Banking

What type of money would this be?

• Commodity

• Fiat

• Representitive

• Gold

Which is not a Characteristic of Money?

• Durability

• Portability

• Divisibility

• Invincibility

Which of these are functions of money?

• medium of exchange that allows the trade of goods and services

• holds value over time

• standard of value that allows comparison of the value of goods related to one another

• used as the only means of trade between nations

You can easily carry money in a pocket or a purse. This reflects what characteristic of money?

• durability

• legal tender

• divisibility

• portability

Which bank enjoys monopoly power of Note issue?

• NABARD

• Commercial Bank

• Central Bank

Deposits which are payable after the expiry of a fixed period are called -

• time deposits.

• demand deposits.

• NONE

When Mr. Moore gets his paycheck, he knows he doesn't have to spend it all at once because money is

• Standard of Value

• Medium of Exchange

• Store of Value

• Representative money

During periods of inflation, money does not function well as ___________

• Standard of Value

• Medium of Exchange

• Store of Value

• Commodity money

Which of these are functions of money?

• medium of exchange that allows the trade of goods and services

• holds value over time

• standard of value that allows comparison of the value of goods related to one another

• used as the only means of trade between nations

A business or financial institution that stores and manages money for individuals and other businesses:

• ATM

• Bank

• Credit Union

• Check Cashing Center