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CSS :: Money and Value of Money


41.  Barter means:
A. Trade through metallic money only B. Trade of goods only excluding services
C. Trade of very low value goods D. Trade without use of money

42.  With reference to currency system of a country token money means:
A. Token tax B. The money which has no purchasing power
C. The money which has higher face value D. Advance payment to purchase something

43.  Ten-rupee note is:
A. Token money B. Credit money
C. Legal money D. (a) and (c) of above

44.  Paper money in Pakistan is:
A. Convertible B. Inconvertible
C. Linked to gold D. None of the above

45.  Government securities:
A. Mean currency B. Are near money
C. Are bought and sold on stock exchange market D. (b) and (c) of above

46.  Which is the characteristic of a good money:
A. Has good design B. Has high value
C. Has a fixed value in gold D. Is readily accepted by people

47.  This is NOT money
A. Currency B. Prize bond
C. Demand deposit in a bank D. Coins

48.  Cross cheque:
A. Is issued only by a business firm B. Is not accepted by banks
C. Ensures immediate payment of cash to the holder D. None of the above

49.  This is a characteristic of good money:
A. High intrinsic value B. Liquidity
C. Attractive design D. Easy to duplicate

50.  This is a characteristic of good money:
A. High intrinsic value B. General acceptability
C. Attractive design D. High purchasing power




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