Money and its Features

Q.

What Are the Characteristics of Bills of Exchange?

Q. What are the features of a legal tender?

1. Legally issued by the government
2. Consists of only paper notes
3. Legally accepted money
4. Can be refused if paid in coins

Q. Which of the following is the official currency of China?

1. Yuan
2. Yen
3. Chinese dollar
4. Pound

Q.

What is the national currency of Albania?

Q.

Write difference between receipt payment and cash book?

Q.

What Is the Difference Between Bill of Exchange and Promissory Note?

Q.

What Is the Bill of Exchange With Example?

Q. Pair the countries with their currencies.

1. Rupee
2. Dollar
3. Yuan
4. Euro
5. European Union
6. China
7. USA
8. India

Q. Which of the following features is unique to the modern banking system?

1. Metallic money
2. Promissory notes
3. Plastic money
4. Paper money

Q. What does a legal tender generally refer to?

1. Legally sold commodities
2. Legally acceptable money
3. Registration documents for assets
4. Contract between governments

Q. Which of the following is the main reason the commodity money lost its value?

1. Appearance of the coins did not please people.
2. It could not be stored for longer periods.
3. The commodities were easily available.
4. The commodities were not easily available.

Q. The introduction of promissory notes solved the problem of transactions.

1. short distance
2. walking distance
3. half mile
4. long distance

Q. Rajesh went to a shopkeeper he knew, picked up a few items from his shop, and promised that he would pay later.

What is this arrangement referred to as?

1. Standard of deferred payment
2. Standard of payment
3. Storage of value
4. Standard of quick payment