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WorksheetsECONOMICS
Total questions: 10
Worksheet time: 5mins
Invention of -------- is regarded as one of the most important inventions of man.
money
Machines
Metals
None of thes
Modern economy is called -------
Barter Economy
Money Economy
Mixed Economy
All of the above
Exchanging commodities for commodities is known as----
Market
Modern Economy
Barter
Money Economy
Which among the following is a major drawbacks of barter system?
Lack of store of value
Absence of common measure of value
Problems of indivisibility
absence of double coincidence of wants
" Money is what money does". Who defines ?
walker
Robertson
Alfred Marshall
J.M Keynes
According to the Legal definiton,money is------
what money does
anything generally accepted as a medium of exchange.
measure of value
None of these
Which among the following is a primary function of money?
Store of value
Transfer of value
Medium of exchange
Liquidity
When the value of goods and services is expressed in terms of money it is called -----
Money
Vlaue
Bonds
Price
The desire of a person to hold money in hand is called----
Demand for money
Opportunity cost
Interest
All of these
Transactional demand for money is ------ related to real income.
Positively
Negatively
Not
