Grade 10 D Solve this Questions & take a print !!!! get it in the next class
AS LEVEL QUESTIONS
7 Which organisation controls the banking system in most countries?
A central bank B commercial bank C investment bank D World Bank
9 What function do central banks and commercial banks have in common?
A acting as a banker's bank B controlling monetary policy
C dealing with foreign exchange D supervising the banking system
4 Why do bank notes function as money?
A They are durable. B They are generally acceptable. C They count as legal tender. D They have intrinsic value.
8 To whom does the central bank usually make loans?
A individuals B limited companies C the government D trade unions
6 Why might a country’s central bank raise its interest rate?
A to encourage saving
B to increase the money supply
C to raise funds for the government
D to reduce the level of employmen
4 In wartime conditions, cigarettes have been used as money. What disadvantage do cigarettes have for trading compared with notes and coins?
A They cannot act as a medium of exchange. B They have no intrinsic value.
C They lack durability. D They make a double coincidence of wants necessary.
6 In most countries which organisation controls the banking system?
A central bank B commercial bank
C investment bank D World Bank
18 Why might a person buy ordinary shares on the stock exchange rather than put the money in a savings account?
A to earn a fixed income B to gain a high return
C to keep money in a safe place D to start a company
A Level June 2003-P1
4 What is the most abundant form of money (measured by value) in a developed economy?
A bank deposits B cash C cheques D credit cards
A Level June 2008-P1
4 What is not an essential characteristic of money?
A It must have intrinsic value. B It must be generally acceptable as a means of settling debts.
C It must serve as a unit of account. D It must be limited in supply.