Currency

Q. The money used in a particular country is known as its ____.

1. deposit
2. denomination
3. exchange rate
4. currency

Q. Rakesh found a bag full of money and an identity card. Being an honest man he will:

1. use the money for his personal work.
2. find out the owner and return the bag.
3. call the owner of the bag and ask for money in exchange of the bag.
4. deposit the money in his bank account.

Q. The invention of wheel:

1. Increased the speed of transportation
2. Decreased the speed of transportation
3. Saved time
4. Saved effort

Q.

The money used by people of a particular country is known as ___ .

Q. If the exchange rate between Indian Rupee and Japanese Yen is ₹ 1 = 1.44 ¥, then ₹ 1000 equals ___ ¥.

1. 144
2. 14.4
3. 1400
4. 1440

Q. Currency is the medium of exchanges in modern society.

1. True
2. False

Q. Fake Indian Currency note is referred to as currency.

1. fiat
2. counterfeit
3. monopoly

Q. What is the currency of Portugal? ........................................................

1. The rupee
2. The yen
3. The escudo
4. The dollar