Economics Money Banking and International Trade Test 1 Mcqs Preparation Online 0 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?A. G. Crowther B. D.H.Robertson C. J.M.KeynesD. George N.Halm Loading... 2. Bad money drives good money out of circulation. With whole name is this law associated?A. J.M.Keynes B. R.G.HawtreyC. Thomas Gresham D. L.E.Mises Loading... 3. Which one of the following is an example of quasi-money or near-money?A. Bills of exchange B. Cheque C. CoinsD. Bank notes Loading... 4. Which one of the following approaches to the definition of money gives the widest possible view of money?A. Chicago approach B. Conventional approach C. Gurley Shaw approachD. Central bank approach Loading... 5. Fiat money refers to?A. Full bodied money B. Legal money C. Credit money D. International money Loading... 6. Which of the following is not a function of money?A. Unit of account B. Medium of exchange C. Stabilization of price levelD. Standard of deferred payments Loading... 7. As compared to the classical theory, which function of money was stressed more in the Keynesian theory?A. Standard of deferred payments B. Medium of exchange C. Store of valueD. Unit of account Loading... 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of representative full-bodied money is found in the 'gold certificates' which circulated in the U.S.A. before being withdrawn from circulation in?A. 1929 B. 1927 C. 1933D. 1925 Loading... 9. The limited legal-tender money stands for the component of money which?A. Is legal tender for payment upto a certain maximum amount B. Is to be used in specific transactionsC. Is legal tender in specified areas D. Is issued in a limited amount Loading... 10. When the commodity value of money and its value as money are equal, it is called?A. Fiat moneyB. Full-bodied money C. Quasi-money D. Token money Loading... Loading... Related PostsMoney Banking and International Trade Test 2 Mcqs…Money Banking and International Trade Test 3 Mcqs…Money Banking and International Trade Test 4 Mcqs…Money Banking and International Trade Test 5 Mcqs…Money Banking and International Trade Test 6 Mcqs…Money Banking and International Trade Test 7 Mcqs…Money and Value of Money Test 6 Mcqs Online PreparationMoney and Value of Money Test 7 Mcqs Online PreparationMoney and Value of Money Test 8 Mcqs Online PreparationMoney and Value of Money Test 05 Mcqs Preparation Online Continue Reading Previous National Income Test 7 Online Mcqs PreparationNext Money Banking and International Trade Test 2 Mcqs Preparation Online More Stories Economics Economics Quiz 04 Preparation Online 0 Economics Economics Quiz 03 Preparation Online 0 Economics Economics Quiz 02 Preparation Online 0 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ