Question # 1

This is a characteristic of good money

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High intrinsic value

Liquidity

Attractive design

Easy to duplicate

Speculative demand for money depends upon

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Income

Investment

Rate of Interest

Central bank

Which is the charactertistic of good money

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Has good design

Has high value

Has a fixed value in gold

Is readily accepted by people

Cross cheque has tow lines drawn on

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Right side upper corner

Left side upper corner

Right side lower corner

In the Centre

It is the medium of exchange

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Black money

Currency

Near money

Foreign exchange

This is a difficulty of barter

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Lack of double coincidence of wants

Diffculty to produce goods at larger scale

Lack of divisiblility of many goods

All of the above

Cross cheque has a cross sign in the

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Right side upper comer

Right side lowr comer

It does not have cross sign

Left side upper corner

Which is not a Function of money

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Make demand and supply equal

Medium of exchange

Store of value

Meaasure of value

In the equation MV =PY represents

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Money supply

Money Demand

Maximum output

Minimum Optput

It is included in kind of money

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Legal money

Credit money

Taken money

All of the above

In Pakistan money a account is

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Paisa

Rupee

Gold

Dollar

The most importnat fature of money

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General acceptability

Store of value

Covertibility into gold

Medium of exchange

Cash can NOT be directly drawn fro a bank against

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Cross Cheque

Order cheque

Bearer cheque

Traveller cheque

In the equation MV =Py. V represents

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Value of money

Velocity of circulation of money

Variation of nation income

All of the above

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