Macroeconomics 2 solved MCQs
chapters1 of 8
chapter: Money
1. The value of money in Fisher’s equation is determined by
2. According to the Quantity Theory of Money, the value of money depends upon
3. According to Cambridge equation, the value of money depends upon
4. The degree of relationship between the demand for and the supply of money in Fisher’s equation will be
5. Which is not the function of money
6. High-powered money is also known as
7. Who stated, “Bad money drives good money out of circulation, when both of them arefull legal tender”?
8. Value of money is
9. Who stated, “Money is what money does”?
10. Barter system means
11. Which among the following is considered to be the most liquid asset?
12. Currency notes and coins are called as:
13. Convertible money means
14. Barter system has the defect of
15. Legal money is called so because
16. The most important feature of money is
17. Which property the paper money does not possess:
18. In the equation 𝑀𝑀𝑀𝑀 = 𝑃𝑃𝑃𝑃, 𝑉𝑉 𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑡𝑡𝑡𝑡
19. In the equation 𝑀𝑀𝑀𝑀 = 𝑃𝑃𝑃𝑃, 𝑀𝑀 𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟𝑟
20. According to Keynes, motives for holding money are
21. Under normal circumstances, the velocity of circulation of money in a country is
22. Paper money is called fiat money because
23. Value of money means
24. If the quantity of money increases 100%, other things remaining constant, value ofmoney changes by
25. Value of money and supply of money are related
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