Final Examination for FIM01
Authored by Bryan Dimla
Financial Education
University
Used 6+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is not a part of the financial system?
Money
Financial Institutions
Exchange Rate
Central Bank
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What part of the financial system controls the availability of money and credit?
Financial Market
Central Bank
Regulatory Agency
Financial Institutions
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The Philippine Stock Exchange is an example of a:
Financial Institution
Financial Market
Financial Instrument
Central Bank
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is not a function of money?
Store of value
Medium of exchange
Unit of account
Source of wealth
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The term for money whose value comes from government decree is:
Commodity money
Fiat money
Token money
Digital money
6.
FILL IN THE BLANK QUESTION
20 sec • 2 pts
The core principle stating that interest is paid to compensate lenders for time.
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which characteristic of money makes it easy to use for buying and selling goods?
Liquidity
Scarcity
Profitability
Stability
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