Money Banking and International Trade Test 1 Mcqs Preparation Online

1. Money has been defined as 'that by delivery of which debt contracts and price contracts are discharged, and in the the shape of which general purchasing power is held'. Whole definition is this?

2. Bad money drives good money out of circulation. With whole name is this law associated?

3. Which one of the following is an example of quasi-money or near-money?

4. Which one of the following approaches to the definition of money gives the widest possible view of money?

5. Fiat money refers to?

6. Which of the following is not a function of money?

7. As compared to the classical theory, which function of money was stressed more in the Keynesian theory?

8. The best example of representative full-bodied money is found in the 'gold certificates' which circulated in the U.S.A. before being withdrawn from circulation in?

9. The limited legal-tender money stands for the component of money which?

10. When the commodity value of money and its value as money are equal, it is called?