Question # 1

Which type of cheque is more safe for transfer of money

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Cross cheque

Order cheque

Traveller cheque

Bearer cheque

If a person is more intrested to earn income he shud deposit his money in

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Demand deposits

Time deposit

Saving account

Profit loss account

Demand deposit are

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Money

Bank note

Legal Money

Considered to near money

Monetary pollicy has the objective

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Decrease unemployment rate

Decrease tax rate

Decreases inflation rate

a and c of the above

Credit money is controlled by

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Central bank

Market forces

Commercial Bank

Government

It is NOT an instrument of moneatry policy

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Discount Rate

Open market operation

Change in reserve ratio

Issue notes

Credit money is created by

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Central bank

Commercial Bank

Government

All of the above

Whcih organisation controls the banking system to most countries.

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Central Bank

Commercial bank

Investment bankWorld bank

Commercial banks accept deposits and provide

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Money

Loans

Bill of exchange

Out following the only recognised legal tender is

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Cheque

Currency notes and coins

Notes and cheques

Credit card

The following is not a bank liability.

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Demand deposit

Time deposit

Loan

Saving Deposit

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Icom Part 2 Principles of Economics Chapter 5 English Medium Online Test MCQs With Answers

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