#1
Which of the following is NOT a function of money in an economy?
#2
Which of the following is an example of fiat money?
#3
What term describes a situation where a country's imports exceed its exports, leading to a deficit in the balance of trade?
#4
Which organization is responsible for issuing the currency in the United States?
#5
What term refers to the total amount of money circulating in the economy, including currency, demand deposits, and checking accounts?
#6
What is the term for the ratio of the money supply to the total value of all final goods and services produced in an economy during a given period?
#7
What is the primary tool used by central banks to control the money supply in an economy?
#8
Which of the following is NOT a characteristic of commodity money?
#9
What is the term for the interest rate at which a central bank lends money to commercial banks?
#10
What is the term for a sudden and significant decline in the value of a currency relative to other currencies?
#11
In the context of currency systems, what does the term 'pegging' refer to?
#12
Which of the following is a characteristic of a floating exchange rate system?
#13
What term describes a situation where a country's government or central bank allows its currency to freely float against other currencies, without intervention?
#14
Which of the following is an example of a dual exchange rate system?
#15