Banking

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

  • the Rate of Interest
  • the Rate
  • the Base Rate
  • the Monetary Policy
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Other questions in this quiz

2. IMF stands for

  • Interesting Monetary Fund
  • International Monetary Fund
  • International Money Fraction
  • Intergalactic Money Fraction

3. A central bank...

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

4. A function of money would be...

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

5. Commercial banks...

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

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