11th Principles of Economics MCQS
The money whose face value is greater than its intrinsic value, is called
Token money
Near money
Standard metallic money
Paper money
One of the following is not the difficulty of the barter system
Lack of store of value
Indivisibility of goods
Lack of common measure of value
Double coincidence of wants
The best definition of money is stated by
Crowther
Marhsall
Keynes
Walker
Exchange of goods with goods is called
Store of exchange
Scale of measure of exchange
Medium of exchange
Barter system
The main cause of using the Cheque as money is
Most of the people accept them
Protection of money
Easy in transportation
They are proved as receipt
Unit of account money in Pakistan is
Rial
Dollar
Pound
Rupee
If face value is equal to the metal value of a coin, it is called as
Paper money
Token money
Standard money
Credit money
When demand for goods and services rises, then velocity of circulation of money
Decreases
Increases
Does not change
Remains constant
Prices during the situation of inflation
Become zero
Decrease
Do not change
Increase
Inflation is useful for
Pensioners
Industrialist
Labourer
Consumers
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