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Chapter 5 - Money Flashcards | StudBud
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Chapter 5 - Money
Chapter 5 - Money
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Questions
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Answers
1
Which of the following is not a function of money?
Money creation
Store of value
Measure of value
Medium of payment
2
"Money is what money does" this definition was given by:
Hawtrey
Walker
Crowther
Keynes
3
Supply of money refers to quantity of money
During a specific period of time
As on 31st March
As on any point of time
During a fiscal year
4
Money enables people to save. Which function of money does this describe?
Store of value
Standard of deferred payment
Unit of account
Medium of excahnge
5
Which of the following is the component of M1 measure of money supply?
Demand Deposits
Cash reserves of commercial banks
Time Deposits
None of these
6
When money value of money exceeds commodity value of money, it is called:
Credit money
Fiat money
None of these
Full bodied money
7
Who supplies money in India?
The commercial banks
The government
The RBI
All of these
8
Supply of money is a flow concept.
True
False
9
______ are called legal tenders
Time deposits
Currency notes and coins
Inter-bank deposits
Demand deposits
10
Demand deposits include:
(c)Fixed deposits for a period of time.
(a) Chequeable deposits
(b) Deposits which can be withdrawn on demand.
Both (a) and (b)
