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 : Which of the following statements is incorrect?

Option 1: Fiat money is issued without any backing of an equivalent amount of gold or silver

Option 2: The money Multiplier is the ratio of the money supply to the reserve money

Option 3: In Time Deposits, money can be withdrawn only after maturity or with a penalty before maturity

Option 4: Vault cash is also a part of the money supply