Money, Savings and Investment Fill in the blanks Set 02

Money, Savings and Investment 

Fill in the blanks Set 02

1.................... is one of the greatest inventions of man.
Ans: Money
 
2. The word ‘money’ is derived from the Latin word ................
Ans: Moneta
 
3. The most important function of money is that it acts as ....................
Ans: Medium of Exchange
 
4. Money is a convenient form of storing ones .......................
Ans: Wealth
 
5. ...................... is inevitable for capital formation and economic growth.
Ans: Savings
 
6. The medium of exchange is ........................
Ans: money
 
7. Barter system involves trading without the use of .....................
Ans: money 
 
8. Money can be easily ...................... into other marketable assets.
Ans: converted
 
9. Business in modern times is based on .................
Ans: credits