
Finance Midterm 23-24
Authored by ANNE CARLOS
Business
1st Grade
Used 4+ times

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44 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money is use to measure value in the economy
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ben put 20 pesos everyday on his piggy bank for the past 30 days in order to save money. He wants to buy a bicycle same as his classmate. He assume that money he saves for the past 30 days will be same at the end of a year. This is best describe as _________.
Money is a unit of account
Money is a store of value
Money is a medium of exchange
Money facilitates transaction
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Banko Sentral of Pilipinas introduces new bank notes for Php. 1,000 that are more responsive to the needs of elderly and the visually impaired, and features the latest anti-counterfeiting technology. This is an example of _________.
M3
M2
M1
None of the Above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Karen receives a post dated check and can be in cash next month. It means that money is readily transferred into cash?
False
True
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In order to understand the value of money, you need to know its cost and benefits.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Eddie bought a Class A Airforce 1 shoes amounting to Php. 3,000 pesos since he could not afford the original which is amounting to Php. 10,000. After 2 days the shoes he bought (Class A) broke. He regretted buying the fake one and think he should just save money to buy the original. This is best explain as ___________.
The concept of Active Money
The concept of Money
The concept of Value of Money
The concept of Value for the Money
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Salary used in paying monthly bills, is best describe in ___________.
Value of Money
Money Supply
Value for Money
Velocity of Money
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