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WorksheetsECO211
Total questions: 12
Worksheet time: 7mins
What is the definition of money?
Anything that can act as medium of exchange
Anything that can we can sell at the market
Anything that can act as a medium of saving
Anything that shows status symbol of a person
Below are characteristics of money, EXCEPT
Durable
Recognizable
Store of value
Divisible
Which one below is the FUNCTION of money?
Portable
Durability
Scarcity
Standard of Deferred Payment
People Demand for money for THREE Motives according to an economist. What are they?
Transactionary, Precautionary and Speculative Motive
Working, Buying and Selling goods and services
Transactionary, Promotionary and Prediction Motive
Buying luxury goods, normal goods and inferior goods
M1, M2 and M3 are all
Types of money demand in the economy
Types of money supply in the economy
Characteristics of money in Malaysia
Types of inflation in Malaysia
It is the measure of a country's total production of final goods and services in a given period of time.
Gross National Product
Gross Domestic Product
Exports
Imports
What do you call an economic policy that is designed to influence the aggregate demand in order to control the economy?
Spending policy
National policy
Fiscal policy
Monetary policy
It shows the cycle of goods and services in an economy.
Circular flow of goods
Circular flow of money
Circular flow of the economy
Circular flow of resources
Which of the following situation describes unemployment?
Robert is a full-time student.
Sharon just graduated from college.
George earns 70 pesos an hour.
Gene works after school as a bagger at a local grocery store.
Which of the following scenarios show frictional unemployment?
John got laid-off from work since the company is not making enough money.
Jeff cannot find work since most blue collar jobs are already filled.
Ramon quit his jobs to move to Canada for a better job offer.
Alberto works as a call center agent after graduating nursing
It is the total market value of all the final goods and services in a given period of time by the country's citizens.
Gross National Product
Gross Domestic Product
Consumer Price Index
Market Basket of Goods
