Money
Quiz
•
Social Studies
•
10th Grade
•
Practice Problem
•
Hard
John Robinson
FREE Resource
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called _________.
Fixed deposits
Demand deposits
Bonds
2.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Why do banks keep a small proportion of the deposits as cash with themselves?
To extend loan to the poor
To extend loan facility
To pay salary to their staff
To pay the depositors who might come to withdraw money
3.
FILL IN THE BLANK QUESTION
1 min • 5 pts
Money as a medium of exchange has removed the problem of …………. of wants.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment.
Credit(loan)
Chit fund
Bank
Cheque
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The modern forms of money include ____________ and ____________ .
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A ____________ is the apex institution of monetary system of a country.
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Currency (coins and notes) is a ____________ which cannot be refused in payment for transactions.
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