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Business Essentials Study Set 6

Business

Quiz 14 :

Money and Banking

Quiz 14 :

Money and Banking

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When does the value of money increase?
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Multiple Choice
Answer:

Answer:

D

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Which of the following is a form of money?
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Answer:

A

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Depending on the time of the year,meat may be in short supply thus violating the money criterion of being
Free
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Answer:

B

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Because meat spoils,it fails to meet the money criterion of being
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An order instructing the bank to pay a given sum to a specified person or firm is
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Which of the following is a consequence of the divisibility characteristic of money?
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If today's currency wears out it can be replaced,thus demonstrating that it is
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Since a cow is large,bulky,and hard to handle,it fails to meet the money criterion of being
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The expression "$1000 worth of clothes" represents
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Which of the following influences the value of money?
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Money frees society from a system of barter.In doing so,money is performing which of the following functions?
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Because the Canadian dollar varies only slightly in its ability to purchase goods it is considered
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What caused the decline of barter as a means of obtaining something needed by a consumer?
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Which of the following best describes the portability characteristic of money?
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The characteristics of money are
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All of the following are criteria for something to be considered as money except
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A dollar can be exchanged for four quarters thus demonstrating that it is
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Which of the following best describes the durability characteristic of money?
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Which of the following best describes the stability characteristic of money?
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Money is
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