Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Class 12 Economics (Macro Economics) Chapter 3 Money And Banking Quiz 1 (25 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. ..... refers to the price paid for the use of borrowed money.
2. Reverse repo rate is the rate at which the central bank lends funds to banks
3. If an economy is to control recession like like most of Euro-Zone nations, Which of the following can be appropriate?
4. Cobrar
5. People can trade in goods and services which feature of money does this describe?
6. Reserves of commercial banks are:
7. T/F:Central banks can create credit in the same way commercial banks do.
8. The Federal Reserve .....
9. Money thai is issued by the authority of the government is called-
10. Something that holds its value over time
11. How do banks make money through lending?
12. The current chairperson of the Federal Reserve is:
13. All units of money must be identical so that people recognize it.
14. The Federal Reserve System was established in
15. Basic function is as an accepted medium of exchange, standard of value, and a store of wealth. Allows all goods and services to be valued in the same objective way:i.e. in relation to a monetary value.
16. Which of these can cost you money in large interest payments?
17. Chettiars
18. Statistical definitions of Supply of Money:M1 + deposits with agreed maturity of up to 2 years, and deposits redeemable at a period of notice up to 3 months.
19. Explain the difference between commercial banks and investment banks.
20. In what year did the US Congress establish the nation's first bank (Bank of the United States)?
21. Money has ..... if it can be broken down into smaller units so it can be used as needed.
22. Originally provided services to businesses, a(n) ..... provides most of the services and plays the largest role in our economy today.
23. In a small village, Dimas needed food for his family, while Heri had an abundance of fruits from his orchard. Instead of using money, they decided to trade directly. What was the primary method of exchange they used before the invention of money, when people fulfilled their needs directly from nature and later through direct exchange?
24. In order to encourage investment in the economy, the Central Bank may .....
25. What did people practice or do with their goods before money existed?
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books