Question : What is the total stock of money in circulation among the public at a particular point in time called?
Option 1: Money order
Option 2: Money supply
Option 3: Short money
Option 4: Money laundering
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Correct Answer: Money supply
Solution : The correct answer is Money supply.
The money supply is the total amount of money in circulation among the general public at any given time. It is important to remember that the total supply and stock of money are not the same. The only portion of the public's entire money stock that they have at any given time is the supply of money.
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Question : The number of times a unit of money changes hands during the unit period is called the ________.
Option 1: velocity of circulation of money
Option 2: base money
Option 3: remittances
Option 4: zero economic profit
Question : The food stocks that are built up during the years of bumper harvest are called:
Option 1: capital stock
Option 2: buffer stock
Option 3: production stock
Option 4: grain stock
Question : The lowest temperature at which a substance catches fire is called its ___________.
Option 1: melting point
Option 2: explosion point
Option 3: ignition temperature
Option 4: combustion temperature
Question : Currency notes and coins are called ______.
Option 1: near money
Option 2: commodity money
Option 3: fiduciary money
Option 4: fiat money
Question : Directions: Which one of the given responses is the meaningful order of the following? 1. Farmer 2. Seed 3. Food 4. Cultivation
Option 1: 1, 2, 4, 3
Option 2: 2, 1, 3, 4
Option 3: 4, 2, 3, 1
Option 4: 3, 1, 4, 2
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