Finance-Money Chapter 1

Finance-Money Chapter 1

University

18 Qs

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Finance-Money Chapter 1

Finance-Money Chapter 1

Assessment

Quiz

Business

University

Practice Problem

Easy

Created by

Diệu Trần

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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which of the following assets has the highest liquidity?

a. Raw materials and materials in stock


b. Securities


c. Accounts receivable


d. Foreign currency deposited in a bank


2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

  1. Liquidity of an asset is:

a. The ease with which the asset can be converted into cash


b. The ability of the asset to generate income


c. The ease with which the asset can be converted into common stock


d. The amount of money the asset can be sold


3.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

  1. Arrange the order of the birth of money:1. Checks, 2. CBDC, 3. Commodity money, 4. Fiat Money, 5. e-Money : 

a. 3 - 1 - 2 - 5 - 4       


b. 3 - 4 - 1 - 5 – 2  


c. 3 - 5 - 1 - 2 – 4 


d. 3 - 2 - 1 - 5 - 4 


4.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

  1.  In which of the following transactions does money perform the function of exchange?

a. Transfer money via bank account


b. Buy at the supermarket


c. Withdraw money from ATMs


d. All 3 answers above


5.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

  1. In the functions of money

a. The function of a medium of exchange reflects the nature of money


b. The function of storing value is a function only found in currency


c. The world currency function is the most important function


d. Both a and b


6.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

  1. When performing which of the following functions, money does NOT need to be physically present:

a. Medium of exchange 


b. Unit of account


c. Store of Value


7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

  1. When businesses pay for purchases, currency has functioned

a. Medium of exchange


b. Unit of account


c. Store of Value


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