Money Banking and International Trade Test 1 Mcqs Preparation Online Malik Asghar — April 23, 2018 in Economics • add comment Money Banking and International Trade Test 1 Mcqs Preparation Online 1. 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... 2. Fiat money refers to?A. International moneyB. Full bodied money C. Credit money D. Legal money Loading... 3. The limited legal-tender money stands for the component of money which?A. Is legal tender in specified areas B. Is to be used in specific transactionsC. Is legal tender for payment upto a certain maximum amount D. Is issued in a limited amount Loading... 4. 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. J.M.KeynesB. G. Crowther C. George N.HalmD. D.H.Robertson Loading... 5. Bad money drives good money out of circulation. With whole name is this law associated?A. Thomas Gresham B. J.M.Keynes C. L.E.Mises D. R.G.Hawtrey Loading... 6. When the commodity value of money and its value as money are equal, it is called?A. Quasi-money B. Token money C. Full-bodied money D. Fiat money Loading... 7. As compared to the classical theory, which function of money was stressed more in the Keynesian theory?A. Store of valueB. Standard of deferred payments C. Unit of account D. Medium of exchange Loading... 8. Which one of the following approaches to the definition of money gives the widest possible view of money?A. Central bank approach B. Chicago approach C. Conventional approach D. Gurley Shaw approach Loading... 9. Which one of the following is an example of quasi-money or near-money?A. Cheque B. CoinsC. Bills of exchange D. Bank notes Loading... 10. 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of representative full-bodied money is found in the 'gold certificates' which circulated in the U.S.A. before being withdrawn from circulation in?A. 1925 B. 1933C. 1927 D. 1929 Loading... Loading... Related NTS Results Post:Money Banking and International Trade Test 5 Mcqs…Money Banking and International Trade Test 7 Mcqs…Money Banking and International Trade Test 6 Mcqs…Money Banking and International Trade Test 4 Mcqs…Money Banking and International Trade Test 3 Mcqs…Money Banking and International Trade Test 2 Mcqs…Money and Value of Money Test 05 Mcqs Preparation OnlineMoney and Value of Money Test 04 Mcqs Preparation Online