WorksheetsC6 : SET 3 - MONEY AND BANKING
Total questions: 10
Worksheet time: 3mins
The use of money as credits smooth a transaction because is serve as______________.
store of value.
measure of value.
standards of deferred payment.
medium of exchange.
Which of the following is the largest component of the money supply (M1) in Malaysia?
Demand deposits.
Notes and coints.
Travelers cheque.
Credit card.
All the followings are the functions of Bank Negara Malaysia EXCEPT _________________.
issuing government bond.
accepting deposits from commercial bank.
be a holder of gold and foreign exchange.
accepting current deposits from individual.
Money‟s function as a medium of exchange means that _______________.
money is a common denominator for expressing the value of goods and services.
money can be used to store wealth.
money serves as an acceptable means of payment
money is a standard of deferred payment on exchange contracts extending into the future.
Any commodity that can be held in order to enable people to buy and sell it at different times and different places refer the function of money as___________________.
medium of exchange.
measure of value.
store of value.
standard of deferred payment.
The following are functions of money, EXCEPT?
A store of value.
A unit of account.
A medium of exchange.
A shelter against inflation
Providing temporary advances to the government during deficit shows the function of central bank as a _________________.
national financial advisor.
producer of national currency.
banker to financial institution.
monitor to bank‟s financial operations.
Money which has a lower metallic value than its face value like 5 cents, 10 cents, 20 cents and 50 cents is ___________________.
fiat money.
legal tender.
token money.
commodity money.
Money refer to ______________.
the value of paper money in the economy.
the value of all coins and currency in circulation at anytime.
the amount of money that people hold is negatively related with the interest rate.
anything that is generally accepted as a medium of exchange.
Barter trading will occurs when there is a ___________________.
singular of interest.
bargaining intermediary.
double coincidence of wants.
sufficient supply of cash.
