How Much Do You Know About Money & Cost of Credit?

Created by Editorial Team
The ProProfs editorial team is comprised of experienced subject matter experts. They've collectively created over 10,000 quizzes and lessons, serving over 100 million users. Our team includes in-house content moderators and subject matter experts, as well as a global network of rigorously trained contributors. All adhere to our comprehensive editorial guidelines, ensuring the delivery of high-quality content.
Learn about Our Editorial Process
| By Tanya Mishra
T
Tanya Mishra
Community Contributor
Quizzes Created: 606 | Total Attempts: 1,686,089
| Attempts: 26
SettingsSettings
Please wait...
  • 1/10 Questions

    Banks usually lend money for which purpose?

    • Commercial purposes
    • Industrial purposes
    • Both (a) and (b)
    • None of the above
Please wait...
About This Quiz

Money and credit are essential aspects of any healthy economic flow. How much do you know about money & cost of credit? Do you know enough about these fundamental economics concepts? If yes, we encourage you to try this fun quiz fairly! Let's see just how well you'll score!
Please make sure to answer all the questions carefully. Your final score will be reflected once you've completed the quiz. We hope this quiz gives you a fun opportunity to learn new exciting concepts while honing your previous knowledge. Good Luck

How Much Do You Know About Money & Cost Of Credit? - Quiz

Quiz Preview

  • 2. 

    In a proper financial transaction, money can be exchanged in the form of what?  

    • Coins

    • Bank cheques

    • Currency notes

    • All of the above

    Rate this question:

  • 3. 

    Which of the following is the legal tender in the modern economy? 

    • Demand drafts

    • Currency notes

    • Bank cheques

    • None of the above

    Rate this question:

  • 4. 

    In the modern economy where is used, how is the use of the barter system is influenced? 

    • Decreased

    • Increased

    • Eliminated

    • None of the above

    Rate this question:

  • 5. 

    Which of the following is an example of credit money? 

    • Notes issues by the government

    • A demand deposit in the bank

    • Token money

    • All of the above

    Rate this question:

  • 6. 

    How does the value of money vary?

    • Inversely to the interest rate

    • Directly to the interest rate

    • Directly with the number of employment

    • Inversely with the price level

    Rate this question:

  • 7. 

    When we say that money ensures the conversion of savings into investments. Which quality of money are we talking about? 

    • Dynamic

    • Static

    • Fluid

    • None of the above

    Rate this question:

  • 8. 

    What does AML stand for? 

    • After Money Laundering

    • Anti Management Liability

    • Anti Money Laundering

    • None of the above

    Rate this question:

  • 9. 

    Which of the following is essential for money before it can perform it's function? 

    • Public knowledge

    • Legal sanction

    • Multiplicity

    • Stability in it's value

    Rate this question:

  • 10. 

    Which of the following is among the limitations of the barter system? 

    • Lack of proper common measure of value

    • No store value

    • No double coincidence of wants

    • All of the above

    Rate this question:

Quiz Review Timeline (Updated): Nov 16, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Nov 16, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Nov 11, 2022
    Quiz Created by
    Tanya Mishra
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.