Chapter 1

Money appeared in the period:

• The early period of primitive communes

• The period of social division of labor development

• The period of private ownership appeared

• The period of the birth of intermediate objects as means of exchange

  
  

In order for an object to become money, it must:

• Be produced by the government

• Generally accepted in payment

• Be backed by gold or silver

•  b and c

The order of money evolution?

• Commodity money, check, fiat money, e- money

• Commodity money,  fiat money, e- money, check

• Fiat money, check, e- money, commodity

• Commodity money, fiat money, check, e-money

The development of card payment activities makes:

• Cash holding ratio increase

• Cash holding ratio decrease

• Money circulation velocity increase

•  b and c

Among the monetary systems, the paper money circulation system:

• Was born earliest

•  Was born latest

• Has the highest stability

• Has no inflation

When you buy gold and store it to protect your assets, money performs which function?

•  Medium of exchange

• Unit of account

• Store of value

• Means of payment

Among the functions of money

• The medium of exchange function reflects the nature of money

• The medium of exchange function reflects the nature of money

• The world currency function is the most important function

•  Both a and b

When performing which of the following functions does money NOT need to be physically present?

• Measure of value

•  Means of payment

• Medium of exchange

•  Means of storage

In which of the following transactions does money perform the function of exchange

• Transferring money through a bank account

•  Purchasing goods at a supermarket

• Withdrawing money from an ATM

• All three

Which function of money overcomes the double coincidence of needs of direct exchange?

• Medium of exchange

• Measure of value

• Means of accumulation

• None of the above