Money

Money

10th Grade

15 Qs

quiz-placeholder

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Money

Money

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

Hard

Created by

John Robinson

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15 questions

Show all answers

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Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called _________.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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