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WorksheetsUnit 3 : The money, Banking, Labour Markets, Trade Union
Total questions: 20
Worksheet time: 21mins
Money has the following characteristics are ...... (choose more than one as your answer)
Durability
Acceptability
safety of transaction
portability
the points below are the functions of money, except ....
Money acts as a medium of exchange
Not divisibility
Money is a standard of deferred payment
vMoney is a measure of value
The key problem with a barter system is :
Visibility
Not Visibility
The functions of central banks are (two answers are true)...
The government's bank
Credit creation
providing internet banking facilities
The bankers' bank
What is The functions of Stock Exchanges?
Raising share capital for businesses
Providing money transfer facilities
what the commercial bank is not include to BUMN bank
"allow customers to buy now and pay later, so are widely used as a medium of exchange" means of this definition is ...
Central Bank
Stock Exchange
Transfer service
Credit Card
An individual's choice of occupation depends on many factors, which can be categorized as .......... and ,,,,,,,,, factors
wage
salary
non-salary
non-wage
what kind of Methods of payment is this !
Paid hourly or Weekly, so are a variable cost to firms
Ex : Part-time workers in a shop or restaurant (e.g. $7 per hour}
Bonus
Salary
Comission
Wage
Fringe benefits
what kind of Methods of payment is this !
A percentage of the value of products or services sold
Ex : Real estate agents earning 1% of the value of each property that they sell
wage
Salary
Bonus
Comission
Fringe Benefits
Additional benefits, which have a monetary value
Ex : Pensions, health insurance, monetary value company car, laptop mobile phone, education for children , or membership of a health club
Wage
Salary
Bonus
Comission
Fringe Benefit
the following non wage factors are including .......
Level of challenge
Fringe Benefits
Share Options
Career prospects
not the factors that influence the demand for Labor include the following ....
An increase in the productivity of labour
Labour force participation rate
The cost of labour
A trade union is an (a) that exists to protect the rights of workers
Benefits of joining trade union are :
(answers more than 1)
Possible influence on government decision
maximize profit
Improved pay
Service such insurance
what profession do not have trade unions
industry
engineer
Law
mechanic
The role of trade unions :
Ensuring that equipment at work is not safe to use
Giving support to members when they are made redundant
...........is Trade Union members refuse to work
Sit-in
Go-slow
work-to-rule
Strike
............... is trade union members complete their work very slowly.
Strike
Work to rule
Go slow
Sit in
Positive effect of trade union :
Offer legal support and advice to employees
trade union are often portrayed in media as having a negative role in economy
