TEST ECO4ESO 305 - Created by Antonio Ginés

Who was more secure?
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, who used barter as the basis of their trading system?
1. The Romans
2. The Phoenicians
3. The Greeks
What develops the economy the most?
1. The barter
2. The commodities with monetary properties
3. It's indifferent
At what stage did money have intrinsic value?
1. At the third stage
2. At the second stage
3. At the first stage
When was the Gold Standard adopted, mainly?
1. Between 1929 and the First World War
2. Between 1929 and the Second World War
3. Between 1870 and the First World War
What was the only thing that was convertible into gold bars under the Bretton Woods Agreements?
1. The US dollars
2. The silver
3. The Sterling pounds
What created an untenable situation for the United States in 1971?
1. That European central banks tried to convert their dollar reserves into gold
2. That European central banks change from the dollar to the Sterling pound as a conversion currency
3. The other answers are correct
Why do the monetary authorities and central banks of developed countries intervene in the foreign exchange market?
1. To calm speculatire fluctuation in the long term
2. To calm speculatire fluctuation in the short term
3. To calm speculatire fluctuation in the medium term
What are the countries of the European Union that use the euro as their official currency called?
1. European Free Trade Area
2. European Customs Union
3. Eurozone
What is the most liquid measure of the money supply?
1. M0
2. M1
3. M2
What are saving deposits?
1. Credit accounts
2. Saving accounts
3. Current accounts
What are short-term repurchase agreements also called?
1. Recons
2. Repos
3. Short-term recons
Are precious metals divisible?
1. The other answers are correct
2. No
3. Yes
In what situation is legal tender, which is no loger backed by gold, not considered a good store of value?
1. In the event of strong currency depreciation
2. In the event of strong currency appreciation
3. The other answers are correct
What are the basic characteristics of financial assets?
1. Liquidity, security and loss
2. Liquidity, security and profitability
3. The other answers are correct
What happens if a customer wants to dispose of his money before the period agreed if a term deposit has passed?
1. That he can't dispose of that nomey in any way
2. That he has to pay a penalty
3. The other answers are correct
On which bank cards the customer only withdraw the money that is in his account?
1. The other answers are correct
2. In credit cards
3. In debit cards
How many euros are the State Bonds?
1. 1,000
2. 10,000
3. 100,000
What are the pension plans like?
1. Mandatory
2. Voluntary
3. The other answers are correct
What guarantees the payment of the mortgage loans?
1. The debtor's assets
2. A movable good
3. A property
What are the pure risks that threaten the physical integrity of people called?
1. Personal
2. Patrimonial
3. Real
What are the risks in which you can have profit, loss or neither loss nor profit called?
1. Pure
2. Speculative
3. Patrimonial
What reactions can there be to the risk?
1. Sympathy, antipathy and pessimism
2. Sympathy, antipathy and optimism
3. Sympathy, antipathy, and neutrality
What kind of cost of the risks is hail destroying a person crop?
1. Individual
2. Social
3. The other answers are correct
What technique to face the risk would be adopting a farmer who takes out insurance agains hail?
1. Avoid risk
2. Transfer risks
3. Prevent risk