Money and Banking Latest Exam
Questions Fully Solved.
Functions of Money - Answer store of value.
saving money.
Gold - Answer changes all the time.
Store of Value - Answer is best done by saving the money.
If you want to store your value or reduce storage, you'll save it as money.
In terms as money.
To hold you savings.
Savings account in the bank, IRA, saving bonds.
Medium of Exchange - Answer Purchasing something.
Medium of Payment - Answer money helps us to purchase things.
Medium of Exchange - Answer same as means of payment.
Most permanent use of money.
Standard of Value - Answer means price.
Things in terms of money.
Price of something, standard of value.
There are 3 functions - Answer 1. Medium of Exchange
2. Store of Value
3. Standard of Value
, Definition of Money - Answer Money is what money does.
Serves as a medium of exchange or means of payment.
Money - Answer dollar & coins
Money - Answer Has only one function.
you can only buy with it.
useful for buying things.
to exchange.
Anything which can buy something.
Money was used as - Answer gold coins
money today - Answer paper (dollar)
Backing up U.S money supplies - Answer Keep gold reserved against the money issues.
Value of the Dollar - Answer goes up and down
Creation of U.S money - Answer printing of money.
control inflation.
Created when somebody can use new money from having no money.
Money is created by lending.
Price value - Answer The price that you bear for buying things.
Inflation - Answer You pay more on everything.
Happens when there's too much money in the market and there's no value.
Questions Fully Solved.
Functions of Money - Answer store of value.
saving money.
Gold - Answer changes all the time.
Store of Value - Answer is best done by saving the money.
If you want to store your value or reduce storage, you'll save it as money.
In terms as money.
To hold you savings.
Savings account in the bank, IRA, saving bonds.
Medium of Exchange - Answer Purchasing something.
Medium of Payment - Answer money helps us to purchase things.
Medium of Exchange - Answer same as means of payment.
Most permanent use of money.
Standard of Value - Answer means price.
Things in terms of money.
Price of something, standard of value.
There are 3 functions - Answer 1. Medium of Exchange
2. Store of Value
3. Standard of Value
, Definition of Money - Answer Money is what money does.
Serves as a medium of exchange or means of payment.
Money - Answer dollar & coins
Money - Answer Has only one function.
you can only buy with it.
useful for buying things.
to exchange.
Anything which can buy something.
Money was used as - Answer gold coins
money today - Answer paper (dollar)
Backing up U.S money supplies - Answer Keep gold reserved against the money issues.
Value of the Dollar - Answer goes up and down
Creation of U.S money - Answer printing of money.
control inflation.
Created when somebody can use new money from having no money.
Money is created by lending.
Price value - Answer The price that you bear for buying things.
Inflation - Answer You pay more on everything.
Happens when there's too much money in the market and there's no value.
