Money Banking and International Trade Test 1 Mcqs Preparation Online

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

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

3. Fiat money refers to?

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

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

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of representative full-bodied money is found in the 'gold certificates' which circulated in the U.S.A. before being withdrawn from circulation in?

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

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

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

10. 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?