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DUY TAN UNIVERSITY POP QUIZ 3 No.

International School Course: MONEY AND BANKING 1
Class: PSU-FIN 271 03X
Semester: SPRING Academic year: 2021-2022

Q1 Money has three functions. They are:

A.Means of payment, repayment of debt, and store of value
B.Means of payment, unit of payment
C.Means of payment, unit of account, and store of value
D.Means of payment, unit of account, and repayment of debt
E.None of the above

Q2 Commodity monies are things with intrinsic value such as:

A.Silk, salt, gold
B.Coins money
C.Checks, credit cards
D.None of the above

Q3 Credit card, debit card, store-value card, and e-money are:

A.Non-cash payments
B.Cash payments
C.Commodity monies
D.None of the above

Q4 What factors should you take into account when considering using the following assets as
stores of value?
A. Real estate
B. Stocks
C. Government bonds

Q5 In order for a commodity to become money, the commodity must?

A. Produced by the government
B. Widely accepted as a means of payment
C. Guaranteed in gold or silver
D.B and C

Q6 Which of the following asset have the highest liquidity?

A. Raw material
B. Securities
C. Accounts Receivable from customers
D. Foreign currency deposited in the bank
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Q7 What is liquidity?
A. The easily of assets can be converted to money
B. The chance of profitable of assets
C. The easily of assets can be converted to securities
D. The amount of money can be earned by selling the assets

Q8 Which of the following is fiat money?

A. Checks
B. Credit card
C. Gold
D. Coin

Q9 In the function of money

A. The means of payment function reflect the nature of money
B. The store of value function only have in money
C. A and B
D. None of the above

Q10 To perform the store of value function well

A. Money must have a stable value
B. Must be gold
C. A and B