Grade 10 D Solve this Questions & take a print !!!! get it in the next class

AS LEVEL QUESTIONS

November 2002-P3

7 Which organisation controls the banking system in most countries?

A central bank                         B commercial bank                  C investment bank                   D World Bank

November 2003-P1

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

November 2004-P3

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

November 2006-P3

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

November 2007-P3

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

November 2008-P3

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.