Quiz Detail

Q1 . Which of the following is a digital asset?

A Fiat money

B Cryptocurrency

C Cheques

D Commodity

Q2 . Full-bodied money

A Value of money is more than the commodity

B Whose value as money is equivalent to its value as a commodity

C Token money

D Value of money is less than the commodity

Q3 . The money that has legal backing is called

A Credit

B Fiat money

C Currency

D None of the above

Q4 . A commodity is

A Durable

B Divisible

C Easily exchangeable

D All of the above

Q5 . The money which is accepted due to the trust that exists between the payer and the payee is called

A Hard money

B Plastic money

C Fiat Money

D Fiduciary Money

Q6 . Money has to have the following qualities in order to be effective. Exactly which one has an impact on its value?

A Durability

B Limited supply

C Uniformity

D Portability

Q7 . When Fiat money is backed by Gold or Silver, it is generally called

A Fiduciary money

B Representative money

C Hard money

D Soft money

Q8 . Which money has a face value?

A Soft money

B Fiat money

C Hard money

D None of the above

Q9 . Fiduciary money is generally paid in

A Gold, silver, or paper money.

B Commodity

C Cheques

D All of the above

Q10 . A Commodity is best described as?

A Print money

B An Item with inherent value in and of itself

C Money in cash

D Money in the form of cheques

How well do you know about the types of money?