Money Banking and International Trade Test 2 Mcqs Preparation Online Malik Asghar — April 23, 2018 in Economics • add comment Money Banking and International Trade Test 2 Mcqs Preparation Online 1. During which decade of the nineteenth century did most European countries adopt the gold standard?A. Seventies B. Eighties C. Sixties D. Nineties Loading... 2. When did the UK finally abandon the gold standard?A. 1929 B. 1925 C. 1931 D. 1936 Loading... 3. Identify the country which was the first to adopt the gold standard?A. France B. Germany C. UK D. USA Loading... 4. Cost-push inflation is caused by?A. Creation of credit money B. In-crease in investment C. Increase in the quantity of money D. Increase in the prices of inputs Loading... 5. The Quantity Theory of Money establishes the relationship between quantity of money in an economy and the level of?A. National incomeB. SavingsC. Prices D. Employment Loading... 6. Which of the following according to Milton Friedman is not a key determinant of the demand for money?A. Relative rates of return obtainable on different forms of assets B. Aggregate wealth C. Physical non-human capital goods and human capital or wealthD. Precautionary motive Loading... 7. Who is generally regarded as the founder of the Modern Quantity Theory of Money?A. Don PatinkinB. J.M.Keynes C. Milton Friedman D. M.L.Bursten Loading... 8. Identify Pigou's cash balances equation?A. M = KPO B. M = KR/P C. M = Ky + K'A D. M = PKT Loading... 9. In the Fisher's equation of exchange MV = PT, what does T denote?A. Trend value of general price levelB. Period of time C. Volume of trade D. Total money wealth Loading... 10. Who introduced the concept of the real balance effect?A. A.C.Pigou B. J.M.Keynes C. Alfred Marshall D. Milton Friedman 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 1 Mcqs…Money and Value of Money Test 05 Mcqs Preparation OnlineMoney and Value of Money Test 04 Mcqs Preparation Online