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Macroeconomics - (Money & Banking)

Total questions: 13

Worksheet time: 6mins

Name
Class
Date
1.

----- are the key players in the monetary system

a)

People

b)

Governments

c)

Businesses

d)

Banks

2.

Goods and services were directly exchanged for other goods and services in -----.

a)

Monetary system

b)

Barter system

c)

Economic system

d)

Trade system

3.

Money facilitates the buying and selling of goods and services. What function money is serving here?

a)

Medium of exchange

b)

Store of value

c)

Measure of value

d)

Unit of account

4.

Money acts as the basis of credit system. This is a ----- function of money.

a)

Primary

b)

Secondary

c)

Contingent

d)

Miscellaneous

5.

Which of the following best describes the picture if we consider it as money?

a)

Commodity money

b)

Fiat money

c)

Currency money

d)

Representative money

6.

What notes comes under money supply?

a)

Notes and coins

b)

Money in current account

c)

Money in savings account

 

d)

Money in fixed account

 

7.

Which is the smallest measure of money supply?

a)

M1

b)

M2

c)

M3

d)

M4

8.

Identify the one that is not a primary function of a bank.

a)

Accepting deposit

b)

Advancing loans

c)

Fund transfer

d)

Credit creation

9.

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?

a)

Trustee

b)

Executor

c)

Trustee and executor

d)

Principal and agent

10.

Identify the apex institution in the banking and financial structure of Oman.

a)
b)

c)

d)

11.

Issuing currency is the monopoly of the central bank.

a)

True

b)

False

12.

As a ----- central bank provides financial assistance to commercial banks in case of financial emergency.

a)

Bank of note issue

b)

Lender of last resort

c)

Clearing house

d)

Controller of credit

13.

Which method of credit control aims control the cost and availability of credit?

a)

Quantitative methods

b)

Qualitative methods