12th Grade > Economics - 2
UNDERSTANDING MONEY MCQs
Total Questions : 29
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Answer: Option B. -> Bank run
:
B
A bank run is a situation in which sudden panic leads all depositors to withdraw their funds from their accounts.
:
B
A bank run is a situation in which sudden panic leads all depositors to withdraw their funds from their accounts.
Answer: Option C. -> Fiat money
:
C
Fiat money refers to money whose value has been decreed by the government.
:
C
Fiat money refers to money whose value has been decreed by the government.
Answer: Option B. -> Store of value
:
B
As a store of value, the cow maintains its value over time.
:
B
As a store of value, the cow maintains its value over time.
Answer: Option A. -> equal in the market
:
A
For full-bodied money, the money value and commodity value of the money are equal in the market.
:
A
For full-bodied money, the money value and commodity value of the money are equal in the market.
Answer: Option B. -> Financial market
:
B
The financial market has emerged from money being the standard of deferred payments.
:
B
The financial market has emerged from money being the standard of deferred payments.
Answer: Option D. -> stability and growth of the economy
:
D
In a dynamic role, money plays an important part in the life of citizens and the economic system.
:
D
In a dynamic role, money plays an important part in the life of citizens and the economic system.
Answer: Option C. -> Portability
:
C
Portability is a key characteristic of money describing that money can be easily carried around.
:
C
Portability is a key characteristic of money describing that money can be easily carried around.
Answer: Option D. -> All of these
:
D
All of these are suppliers of money because money supply includes currency, deposits, liquid government securities, and bonds, among others.
:
D
All of these are suppliers of money because money supply includes currency, deposits, liquid government securities, and bonds, among others.
Answer: Option D. -> Both (a) and (c)
:
D
Demand deposits are chequeable and can be withdrawn at any time.
:
D
Demand deposits are chequeable and can be withdrawn at any time.
Answer: Option C. -> Salt, gold, notes, credit cards
:
C
Money evolved in the order of Salt-gold-notes-credit cards.
:
C
Money evolved in the order of Salt-gold-notes-credit cards.