MCQs Macro Eco in English, Money & its Functions and Value

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Macro Economics

Money. Function of Money

Who signs the currency notes?

the governor central bank	Deputy governor of the central bank
either of them	neither of them

These are types of credit instruments.

check	Promissory note
bank notes	all

These are the characteristics of good money.

storability	formation
stability	all

Who proposed the theory of money?

Fisher	Robbins
Adam Smith	Marshall

According to the theory of money quantity, when the number of currency notes increases, their value.

decreases	increases
does to change	everything is possible

To increase circulation of money means

increase in the number of notes	increase the value of notes
Increases in debts	all

The value of currency of each country is

alike	different
both	none

This will change the value of money

investment	speed of money circulation
total supply and demand	all

What are the problems of the barter system that money has solved?

indivisibility of goods	incompatibility of needs
absence of all standards	all

Inflation is actually the name of.

an increase in prices	an increase in purchases
increase of things	all

In inflation, this class benefits.

The working class	farming class
Fixed income class	shareholder class

This class is at a loss in inflation.

creditors	debtors
both	none

The value of money in inflation

decreases	increases
Remains unchanged	none

In inflation

the poor get poorer	the rich get richer
both are right	both are wrong

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