Banking

1. IMF stands for

  • Interesting Monetary Fund
  • International Monetary Fund
  • International Money Fraction
  • Intergalactic Money Fraction
1 of 5

Other questions in this quiz

2. The interest rate can also be referred to as...

  • the Rate
  • the Base Rate
  • the Rate of Interest
  • the Monetary Policy

3. A function of money would be...

  • it is a store of value
  • it is portable
  • it is durable
  • it is scarce

4. A central bank...

  • issues notes and coins
  • keeps money safe
  • transfers money to companies
  • lends money as a first resort

5. Commercial banks...

  • are a lender of last resort
  • keep the title deeds
  • manage the National Debt
  • set interest rates

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Central and Commercial banks as well as Functions and Characteristics of money resources »