Question : Full-bodied money means:
Option 1: Money Value = Commodity Value
Option 2: Money Value > Commodity Value
Option 3: Money Value < Commodity Value
Option 4: Money Value ≠ Commodity Value
Correct Answer: Money Value = Commodity Value
Solution : The correct answer is (a) Money Value = Commodity Value
Full-bodied money refers to a type of money where the value of the currency is directly equivalent to the value of the underlying commodity that it represents or is backed by. In this system, the money value is equal to the commodity value.
Option (a) correctly states that money value is equal to commodity value, which is the defining characteristic of full-bodied money. The value of the currency is directly tied to the intrinsic value of the commodity, such as gold or silver, backing it.
Therefore, the correct answer is Money Value = Commodity Value.
Question : Directions: If + means –, ÷ means +, < means × and > means ÷, then 8 ÷ 6 < 2 > (10 > 5) + 4 is equal to?
Option 1: 12
Option 2: 8
Option 3: 10
Option 4: 16
Question : Directions: If < means –, ! means ×, > means +, and @ means ÷, then what is the value of the following expression? 205 > 210 @ 15 ! 2 < 19
Option 1: 242
Option 2: 238
Option 3: 214
Option 4: 226
Question : When money value of money exceeds the commodity value of money, it is called:
Option 1: Full-bodied money
Option 2: Flat money
Option 3: Credit money
Option 4: Fiduciary money
Question : Directions: In the following question, you have to identify the correct response from the given premises stated according to the symbols. If + means subtraction, ÷ means addition, < means multiplication, and > means division, then find the value of the given statement. 9 ÷ 7 < 8 > (4 > 2) + 5 = ?
Option 1: 32
Option 2: 11
Option 3: 18
Option 4: 30
Question : Directions: what is the value of the given expression If < means –; ! means ×; > means +; and @ means ÷, then what is the value of the following expression? 183 > 39 @ 13 ! 6 < 26
Option 1: 175
Option 2: 160
Option 3: 193
Option 4: 181
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