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WorksheetsMacroeconomics - (Money & Banking)
Total questions: 13
Worksheet time: 6mins
----- are the key players in the monetary system
People
Governments
Businesses
Banks
Goods and services were directly exchanged for other goods and services in -----.
Monetary system
Barter system
Economic system
Trade system
Money facilitates the buying and selling of goods and services. What function money is serving here?
Medium of exchange
Store of value
Measure of value
Unit of account
Money acts as the basis of credit system. This is a ----- function of money.
Primary
Secondary
Contingent
Miscellaneous
Which of the following best describes the picture if we consider it as money?
Commodity money
Fiat money
Currency money
Representative money
What notes comes under money supply?
Notes and coins
Money in current account
Money in savings account
Money in fixed account
Which is the smallest measure of money supply?
M1
M2
M3
M4
Identify the one that is not a primary function of a bank.
Accepting deposit
Advancing loans
Fund transfer
Credit creation
Mr. Alex, age 70, is a customer of Bank Muscat. Suppose, he submitted a will to the bank and the bank executed the same after their death. Which agency function the bank is performing here?
Trustee
Executor
Trustee and executor
Principal and agent
Identify the apex institution in the banking and financial structure of Oman.
Issuing currency is the monopoly of the central bank.
True
False
As a ----- central bank provides financial assistance to commercial banks in case of financial emergency.
Bank of note issue
Lender of last resort
Clearing house
Controller of credit
Which method of credit control aims control the cost and availability of credit?
Quantitative methods
Qualitative methods
