Pre Test in Central Banking and Monetary Policy

It is the medium of exchange and the standard of value.

The Phoenician peddlers during the ancient times started trading slaves with cattle,iron or bronze.

Money can be used to buy goods and services. Which function of money best describes the idea?

It is the group of persons who share the same living accomodation, who pool some,or all, of their income and wealth and who consume certain types of goods and services mainly housing and food.

In the Philippine pre-hispanic era, these small bead-like gold were considered as the earliest coin of the ancient Filipinos.

Refers to unconditional or conditional cash flows to be paid in the future.

The borrowers use money of the savers to put up their business enterprises as investments. Which function best describes the statement?

In the current times, where onions hype prices affects many farmers, suppliers and retailers due to lack of supply. Which economic situation best describes the idea?

These are private or government organizations whose assets consist primarily of claims or incomes primarily derived from dealing in and performing services in connection with claims.

The Central Bank takes the sole right and authority to issue currency. Which feature of a good money best describes the idea?

This refers to the staying power of a given object or thing designated as money to remain as such in the circulation.

It states that the overvalued money tends to drive out of circulation the undervalued money.

It is a network of various institutions which generates, circulates and controls money and credit.

Which of the following is a function of financial institutions?

What is considered to be the first credit institutions?