TEST ECO4ESO 302 - Created by Antonio Ginés

What is buying or selling using cash?
1. The other answers are correct
2. Barter
3. Exchange
What were the first "coins"?
1. Drachmas
2. Bags of salt
3. Gold
Does trade make it easier to have some commodities with monetary properties?
1. No
2. Yes
3. The other answers are correct
What property must a commodity have in order for it to be used as money?
1. The other answers are correct
2. Indivisibility
3. Divisibility
What does it mean that money today has only value as an instrument of exchange?
1. The other answers are correct
2. That the paper that a bill is mad of has value
3. That the paper that a bill is made of has no value
What happened at the end of Second World War?
1. That the Allies established a new financial system in the Bretton Woods Agreements
2. That the Allies tried to return to the Gold Standard
3. That the Allies established a new financial system in the Kyoto Agreements
What caused the abundance of US dollars in 1971?
1. Military spending in Vietnam
2. Military spending in Cambodia
3. Military spending in Afghanistan
What did Richard Nixon do in 1971?
1. Devalued the dollar by 10%
2. The other answers are correct
3. Unilaterally suspended the conversion of the dollar to gold
What is the opposite of inflation?
1. The other answers are correct
2. Devaluation
3. Deflation
What are the types of money?
1. M0, M1, M2, and M3
2. M10, M20, M30, and M40
3. M100, M200, M300, and M400
What are demand deposits?
1. Saving accounts
2. Current accounts
3. Credit accounts
What is the first type of money that institutional money market fund include?
1. M1
2. M3
3. M2
What is the main problem of bartering that avoids money?
1. The one with solvency
2. The one wiht liquidity
3. The one with the double coincidence of needs
Is real estate advisable as money?
1. No
2. Yes
3. The other answers are correct
What is a title or an accounting entry whereby the buyer of the title acquires the right to receive future income form the seller?
1. A noble asset
2. A financial asset
3. A real estate asset
What deposits work practically the same as demand deposits but have passbooks?
1. The term deposits
2. The saving deposits
3. The other answers are correct
In a promissory note, what is the name of the person who is obliged to pay another, or his order, an amount on a specified date an place?
1. Holder or singer
2. The other answers are correct
3. Drawer or signer
Who issues the Treasury Bills?
1. The Public Treasury
2. The Public Limited Companies
3. The Partnership Companies
What are investment funds like?
1. None of the other answers is correct
2. Collective investment
3. Individual investment
How much, at least, should personal consumer loans be?
1. €5,000
2. €1,000
3. €200
What are the risks in which you can't have profit called?
1. Pure
2. Speculative
3. The other answers are correct
What kind of pure risk is a vehicle fire hazard?
1. Patrimonial
2. Real
3. Personal
What environments do we find ourselves in if the behaviour of uncontrollable variables is known and the only problem is to select the most convenient strategy?
1. Uncertainty
2. Risky
3. Centainty
What reaction to risks has a person who doesn't want to take them?
1. Antipathy
2. Sympathy
3. Neutrallity
What are the techniques for dealing with risk?
1. Avoid, reduce, transfer and participate in risk
2. Avoid, reduce, transfer and absorb risk
3. Avoid, reduce, transfer and merge risk