Business exam questions & answers
2023/2024
A $20 bill features which of the following on the reverse? - ANSWER-White House
Money can be used to intermediate the exchange of goods and service. This describes which of the
following basic functions of money? - ANSWER-Medium of exchange
Which of the following treasuries are NOT a type of government bond? - ANSWER-Treasury funds
Which of the following is a slip of paper which allows the user to make a payment from his or her bank
account to a business or individual? - ANSWER-Personal check
A torch is featured on the reverse of which of the following types of U.S. coins? - ANSWER-Dime
When was the Continental first issued? - ANSWER-1775
Which of the following types of currencies was NOT used in the U.S.? - ANSWER-German currency
When did the Great Depression start? - ANSWER-1929
Which of the following made the gold dollar the official standard unit of currency? - ANSWER-The Gold
Standard Act
Where was the headquarters of the First Bank of the United States? - ANSWER-Philadelphia
Which of the following is NOT a regional location of the Federal Reserve Bank? - ANSWER-Los Angeles
, The Gold Standard Act was passed in which of the following years? - ANSWER-1900
Money can be saved and used in the future without rapidly losing its purchasing power. This describes
which of the following basic functions of money? - ANSWER-Store of value
Which of the following is a type of currency a government has declared to be legal tender, but is not
backed by a physical commodity? - ANSWER-Fiat money
U.S. Capital is featured on the reverse of which of the following U.S. bills? - ANSWER-$50 bill
Which of the following types of notes were produced in 1863? - ANSWER-National bank notes
When was the nation's "free banking era"? - ANSWER-1836 to 1865
President Thomas Jefferson is on the obverse of which of the following U.S. coins? - ANSWER-Nickel
Which of the following types of treasuries have the longest maturities of all government bonds? -
ANSWER-Treasury bonds
Government bonds are issued by which of the following financial institutions? - ANSWER-The Treasury
Department
Which of the following financial contracts involves risk? - ANSWER-Investment banking
Which of the following is NOT an example of a financial institution? - ANSWER-A realtor
Which of the following is a closed line of credit to spend on consumer goods or intangible goods? -
ANSWER-A loan
Which of the following is an open line of credit to spend on consumer goods? - ANSWER-A credit card
2023/2024
A $20 bill features which of the following on the reverse? - ANSWER-White House
Money can be used to intermediate the exchange of goods and service. This describes which of the
following basic functions of money? - ANSWER-Medium of exchange
Which of the following treasuries are NOT a type of government bond? - ANSWER-Treasury funds
Which of the following is a slip of paper which allows the user to make a payment from his or her bank
account to a business or individual? - ANSWER-Personal check
A torch is featured on the reverse of which of the following types of U.S. coins? - ANSWER-Dime
When was the Continental first issued? - ANSWER-1775
Which of the following types of currencies was NOT used in the U.S.? - ANSWER-German currency
When did the Great Depression start? - ANSWER-1929
Which of the following made the gold dollar the official standard unit of currency? - ANSWER-The Gold
Standard Act
Where was the headquarters of the First Bank of the United States? - ANSWER-Philadelphia
Which of the following is NOT a regional location of the Federal Reserve Bank? - ANSWER-Los Angeles
, The Gold Standard Act was passed in which of the following years? - ANSWER-1900
Money can be saved and used in the future without rapidly losing its purchasing power. This describes
which of the following basic functions of money? - ANSWER-Store of value
Which of the following is a type of currency a government has declared to be legal tender, but is not
backed by a physical commodity? - ANSWER-Fiat money
U.S. Capital is featured on the reverse of which of the following U.S. bills? - ANSWER-$50 bill
Which of the following types of notes were produced in 1863? - ANSWER-National bank notes
When was the nation's "free banking era"? - ANSWER-1836 to 1865
President Thomas Jefferson is on the obverse of which of the following U.S. coins? - ANSWER-Nickel
Which of the following types of treasuries have the longest maturities of all government bonds? -
ANSWER-Treasury bonds
Government bonds are issued by which of the following financial institutions? - ANSWER-The Treasury
Department
Which of the following financial contracts involves risk? - ANSWER-Investment banking
Which of the following is NOT an example of a financial institution? - ANSWER-A realtor
Which of the following is a closed line of credit to spend on consumer goods or intangible goods? -
ANSWER-A loan
Which of the following is an open line of credit to spend on consumer goods? - ANSWER-A credit card
