Economics Money Banking and International Trade Test 2 Mcqs Preparation Online 0 Money Banking and International Trade Test 2 Mcqs Preparation Online 1. Which of the following according to Milton Friedman is not a key determinant of the demand for money?A. Aggregate wealth B. Precautionary motive C. Relative rates of return obtainable on different forms of assets D. Physical non-human capital goods and human capital or wealth Loading... 2. Cost-push inflation is caused by?A. Creation of credit money B. Increase in the prices of inputsC. Increase in the quantity of money D. In-crease in investment Loading... 3. In the Fisher's equation of exchange MV = PT, what does T denote?A. Trend value of general price levelB. Total money wealth C. Volume of trade D. Period of time Loading... 4. Identify the country which was the first to adopt the gold standard?A. Germany B. USAC. UK D. France Loading... 5. Who introduced the concept of the real balance effect?A. Milton FriedmanB. J.M.Keynes C. A.C.Pigou D. Alfred Marshall Loading... 6. During which decade of the nineteenth century did most European countries adopt the gold standard?A. Seventies B. Eighties C. Sixties D. Nineties Loading... 7. Identify Pigou's cash balances equation?A. M = Ky + K'A B. M = PKTC. M = KR/P D. M = KPO Loading... 8. When did the UK finally abandon the gold standard?A. 1925 B. 1929 C. 1936D. 1931 Loading... 9. Who is generally regarded as the founder of the Modern Quantity Theory of Money?A. Milton Friedman B. Don PatinkinC. M.L.Bursten D. J.M.Keynes Loading... 10. The Quantity Theory of Money establishes the relationship between quantity of money in an economy and the level of?A. SavingsB. Employment C. National incomeD. Prices Loading... Loading... Related PostsMoney Banking and International Trade Test 1 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 Money Banking and International Trade Test 1 Mcqs Preparation OnlineNext Money Banking and International Trade Test 3 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
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