ôn thi

Short selling is:

• the purchase of a financial product

• the sale of a financial product that the seller does not own

• a type of investment strategy

• none of the above

The term ‘medium of exchange' for money refers to its use as:

• a store of value

• something that is widely accepted as payment for goods and services

• a unit of account

• none of the above

The role of money as a store of value refers to:

• the fact that money allows worth to be stored readily

• the ability to save money

• the ability to invest money

• none of the above

The exchange of goods and services is made more efficient by:

• money

• barter

• credit

• trade

Money increases economic growth by assisting transfers from:

• borrowers to savers

• savers to borrowers

• investors to companies

• none of the above

Financial markets have developed to facilitate the exchange of money between savers and borrowers. Which of the following is NOT a function of money?

• A claim to future cash flows

• Medium of exchange

• Store of value

• Unit of account

Buyers of financial claims lend their excess funds because they:

• want surplus funds in the future

• need to pay off debts

• want to invest in stocks

• none of the above

Sellers of financial claims promise to pay back borrowed funds:

• based on their expectation of having surplus funds in the future

• immediately

• after a year

• none of the above

A savings-surplus unit is an entity:

• which has an income that exceeds its spending

• which has a deficit

• which is a type of investment

• none of the above

The process of facilitating the flow of funds between borrowers and lenders performed by the financial system:

• decreases the rate of economic growth of a country

• increases the rate of economic growth of a country

• has no effect on economic growth

• none of the above