Money & Banking – Test 2

Which of the following approach adopted by economists to define money?

“Anything that is generally acceptable as a means of exchange and the same time acts as a measure and store of value”.This definition of money is given by-

Money is a matter of functions of four, __________

The main functions preformed by money are called-

Primary function of money:-

Official currency _________ happens to be the dominant from of money.

Banks :

Which of the following is/are non-currency forms of money?

Which of the following statement is correct about ‘Money’?

Unlike other invariant physical units of measures kilograms, meter, liters etc., the value of money changes from place to place and over time.

The relatively less important functions of money are called-

Which of the following is not secondary function of money?

Secondary function of money:-

Most of the contracts in Germany were made in Swiss Franc or US Dollar in –

______ is the national currency of Germany.

Money serves as store of value in the –

Historically, the Indian rupee was a _______ coin

______has mentioned contingent functions of money.

Prof. Kinley has mentioned _______ contingent functions of money.

Contingent functions of money?

In Present days, the use of credit money like _______is expanding widely.

According to _____, people derive maximum satisfaction when they spend by making marginal utility equal in all goods.

________, by its very nature, is the most liquid asset.

The liquidity approach emphasizes the function of money as a-

Banks create money by-