CSS :: Money Banking and International Trade

@ : Home > Economics > Money Banking and International Trade

11.

Identify the country which was the first to adopt the gold standard:

A.	UK	B.	France
C.	Germany	D.	USA

12.

During which decade of the nineteenth century did most European countries adopt the gold standard?

A.	Sixties	B.	Seventies
C.	Eighties	D.	Nineties

13.

When did the UK finally abandon the gold standard?

A.	1925	B.	1929
C.	1931	D.	1936

14.

Who is generally regarded as the founder of the Modern Quantity Theory of Money?

A.	J.M.Keynes	B.	Milton Friedman
C.	M.L.Bursten	D.	Don Patinkin

15.

The Quantity Theory of Money establishes the relationship between quantity of money in an economy and the level of:

A.	Employment	B.	National income
C.	Prices	D.	Savings

16.

Identify Pigou's cash balances equation:

A.	M = Ky + K'A	B.	M = KPO
C.	M = KR/P	D.	M = PKT

17.

In the Fisher's equation of exchange MV = PT, what does T denote?

A.	Period of time	B.	Volume of trade
C.	Total money wealth	D.	Trend value of general price level

18.

Cost-push inflation is caused by:

A.	Increase in the quantity of money	B.	In-crease in investment
C.	Creation of credit money	D.	Increase in the prices of inputs

19.

Who introduced the concept of the real balance effect?

A.	A.C.Pigou	B.	Alfred Marshall
C.	J.M.Keynes	D.	Milton Friedman

20.

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