Money and Value of Money Test 05 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Money and Value of Money Test 05 Mcqs Preparation Online 1. With reference to currency system of a country token money means?A. The money which has no purchasing power B. Token tax C. Advance payment to purchase somethingD. The money which has higher face value Loading... 2. Barter means?A. Trade without use of moneyB. Trade of goods only excluding services C. Trade through metallic money only D. Trade of very low value goods Loading... 3. This is a characteristic of good money?A. Easy to duplicateB. Attractive design C. High intrinsic value D. Liquidity Loading... 4. Cross cheque?A. Is issued only by a business firm B. None of the aboveC. Ensures immediate payment of cash to the holder D. Is not accepted by banks Loading... 5. Ten-rupee note is?A. (a) and (c) of aboveB. Token money C. Legal money D. Credit money Loading... 6. This is NOT money?A. CoinsB. Currency C. Prize bond D. Demand deposit in a bank Loading... 7. This is a characteristic of good money?A. High intrinsic value B. Attractive design C. High purchasing powerD. General acceptability Loading... 8. Government securities?A. (b) and (c) of aboveB. Are bought and sold on stock exchange market C. Are near money D. Mean currency Loading... 9. Paper money in Pakistan is?A. Inconvertible B. Linked to gold C. Convertible D. None of the above Loading... 10. Which is the characteristic of a good money?A. Has a fixed value in gold B. Has good design C. Has high value D. Is readily accepted by people Loading... Loading...
