Money, Savings and Investment Choose the correct answer Set 01

Money, Savings and Investment

Choose the correct answer Set 01

1. ‘Money is what it does’ is defined by ....................
(a) Crowthes  
(b) Walker 
(c) Robertson
 
2. The purchasing power of money depends upon the ......................
(a) Price level  
(b) Demand level 
(c) Supply level
 
3. ...................... is used as a standard for future payment.
(a) Cheque  
(b) Money 
(c) Credit card
 
4. ....................... is the unit of account and a standard of common measurement.
(a) Medium of exchange  
(b) Measure of value  
(c) store of value 
 
5. The portion of income not spent on ........................ is saving.
(a) Consumption 
(b) Production 
(c) Distribution
 
6. Money makes .................... calculation easy.
(a) mental 
(b) personal  
(c) economic
 
7. Savings is directly connected with ....................
(a) Consumption 
(b) Production  
(c) Investment