MCQs Macro Eco. Money & its Value

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Macro Economics

Money. Value of Money

Everything is called money that can:

be transferred from one place to another	be deposited in the bank
be touched to	work as money

What are the functions of money?

value of goods	future payments
Medium of exchange	all

Inflation-affected class is / are:

The salaried class	working class
the indebted class	All

According to the quantity theory of money, when the number of currency notes increases:

the prices of goods increase	the prices of goods decrease
it doesn't matter	everything is possible

These are properties of good money.

portability	divisibility
uniformity	All

Barter system is another name.

exchange of goods	comparable exchange
direct exchange of goods	all

 These were major problems with the barter system.

items are indivisible	Absence of standards
incompatible with needs	all

According to authentic traditions, paper currency was issued from which country?

United States	United Kingdom
China	Italy

These are benefits to using paper money.

increasing business	savings of metals
easy transitions	all

These are disadvantages of paper money.

instability	difficult in external payments
fear of all inflation	all

Included in the types of money.

credit money	valuable items
capital	All

Paper currency is issued on whose guarantee?

Central Government	Central Bank
World Bank	none of them

Who signs the currency notes?

President	Prime Minister
finance minister	none

How many currency notes are in circulate in Pakistan?

3	5
7	9

Who is the governor of State Bank of Pakistan?

Shoukat Tareen	Fawad Chaudhari
Asad Umer	Riza Baqar

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