Money and Value of Money Test 6 Mcqs Online Preparation Malik Asghar — April 23, 2018 in Economics • add comment Money and Value of Money Test 6 Mcqs Online Preparation 1. Value of money in Pakistan is determined by?A. State Bank B. General price level C. Govt. of Pakistan D. Value of doller Loading... 2. It is a kind of money?A. False moneyB. Credit money C. Discredit money D. Trust money Loading... 3. It is included in kinds of money?A. All of the aboveB. Token money C. Legal money D. Credit money Loading... 4. Which one is equation of exchange?A. PM = TV B. PT = MV C. None of theseD. PV = MT Loading... 5. When value of money falls, they benefit more?A. FarmersB. Lenders C. Industrialist D. Debtors Loading... 6. In payment of debt, people can use this kind of money?A. Legal money B. (a) and (b) of the aboveC. Credit money D. Real money Loading... 7. Purchasing power of money during deflation is?A. Increased B. Constant C. Reduced D. Fluctuating Loading... 8. Velocity of circulation of money means the number of times a unit of money?A. Changes purchasing powerB. Changes hands daily C. Changes hands monthly D. Changes hands annually Loading... 9. When the nation's money supply is Rs. 1200 billion and GDP is Rs. 4800 billion, velocity of circulation money is?A. 4 billion rupeesB. 0.25 C. 0.4 D. 4 Loading... 10. The equation of exchange PT = MV was given by?A. Kuznet B. KeynesC. Crowther D. Fisher Loading... Loading...
