New Forms of Money

Q.

Which of the following is the correct order in the evolution of money?

1. Gold, salt, notes, credit cards

2. Salt, gold, notes, credit cards

3. Gold, notes, credit cards, salt

4. Salt, credit cards, gold, notes

Q.

Dynamic functions of money are related to:

1. exchange of goods and services

2. valuation of goods and services

3. stability and growth of the economy

4. transfer of wealth across different parts of the economy

Q.

When the money value of money exceeds the commodity value of money, it is called:

1. fiat money

2. fiduciary money

3. full bodied money

4. credit money

Q.

Full-bodied money is that money whose money value and commodity value are:

1. declared as equal by the RBI

2. different in the market

3. declared as equal by the government

4. equal in the market

Q.

Demand deposits are:

1. non-chequeable deposits

2. both (a) and (c)

3. deposits which can be withdrawn on demand

4. chequeable deposits

Q.

Money which is accepted as a medium of exchange because of the trust between the payer and the payee is called:

1. full bodied money

2. credit money

3. fiat money

4. fiduciary money

Q. The value of paper money today is dependent on the value.

1. representative
2. intrinsic
3. full bodied money
4. exclusive

Q. With the appearance of paper money, the most desired quality of metal coins was .

1. durability
2. aesthetics
3. portability
4. availability

Q.

The cheque is also called:

1. Far Money

2. Near Money

3. Electronic Money

4. Full-bodied Money

Q.

The total amount of currency notes and coins in circulation is called .