TEST ECO4ESO 304 - Created by Antonio Ginés

Who lived the longest?
1. The first sedentary communities of human beings
2. The first nomadic communities of human beings
3. The other answers are correct
According to the notes, where did the monetary system and the exchange live together?
1. In Ancient Israel
2. In Ancient Egypt
3. In Ancient Judea
What creates the most wealth?
1. The barter
2. The commodities with monetary properties
3. It's indifferent
Where do the first historical signs that we have of money in the form of currency appear in the West?
1. With the Greeks
2. With the Romans
3. With the Phoenicians
What pattern did the coins have between the 18th and the 19th centuries?
1. Gold
2. Silver
3. The other answers are correct
What was it stated in the Bretton Woods Agreements that all the currencies would be converted?
1. In US dollars
2. In gold
3. In Sterling pounds
What central banks tried to convert their dollar reserves into gold in 1971?
1. The Europeans
2. The Africans
3. The Asians
Since when does the money that we use today have a value in the subjective belief and legal obligation that will be accepted by the rest of the inhabitants of a country, or economic area, as an instrument of exchange?
1. Since 1929
2. Since 1973
3. Since 1971
How many member states of the European Union use the euro as their official currency?
1. 27
2. 23
3. 19
What is the base from which other forms of money are created?
1. M0
2. M1
3. M2
What is the first type of money that includes savings deposits?
1. M0
2. M2
3. M1
What is the first type of money that includes repos?
1. M1
2. M3
3. M2
What requirements must an asset have in order for it to function as a unit of account?
1. It must be indivisible, heterogeneous and have a certain weight, measure or size
2. It must be divisible, heterogeneous and have a certain weight, measure or size
3. It must be divisible, homogeneous and have a certain weight, measure or size
What function as money does a commodity cover if it can be confidently saved, stored, and retrieved?
1. Store of value
2. Medium of exchange
3. Unit of account
What is the most liquid asset?
1. A car
2. The money
3. A truck
In which deposits can customers only dispose of their money when the agreed period has passed?
1. In demand deposits
2. In term deposits
3. In saving deposits
What types of bank cards are there?
1. Short term, medium term and long term
2. Short term and long term
3. Debit and credit
How long can the Treasury Bills be?
1. At 3, 6, 9, 12, and 18 months
2. At 3, 6, 9, 12, 15, and 18 months
3. At 3, 6, 9, 12, 15, 18, 21, and 24 months
What is savings insurance?
1. It's a form of life insurance by which the insurance company undertakes to pay the insured an amount on a certain date in the event that the insured is dead on that date
2. It's a form of life insurance by which the insurance company undertakes to pay the insured an amount on a certain date in the event that the insured is alive on that date
3. The other answers are correct
How long are the mortgage loans?
1. The other answers are correct
2. Less than five years
3. Over five years
What types of pures risks are there?
1. Personal, real and patrimonial
2. Personal, real and speculative
3. Personal, speculative and patrimonial
What is civil liability?
1. The one that threaten the physical integrity of the person
2. The one who commits a crime has to compensate for the damages
3. Having a disease
In what environment do we find ourselves if the probabilities of the uncontrollable variables aren't known?
1. Of certainty
2. Of Risk
3. Of uncertainty
What reaction to risk do people who don't care take risks or not?
1. Neutrality
2. Antipathy
3. Sympathy
What technique to face the risk would be adopting a person who has his car in a garage instead of having it on the street?
1. Avoid risk
2. Reduce risk
3. Transfer risk