Which of the following is a form of money that has an intrinsic value, like gold coins? A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Which of the following is a form of money that has an intrinsic value, like gold coins? A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above
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A. Commodity Money Explanation:  Commodity Money is a form of currency in which the value of the currency comes from the material of which it is made.
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Which of the following is a currency established as money by government regulation or law but it is not backed by any commodity, such as gold, silver etc., but only by the faith of the bearer? A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Description : Which of the following is a currency established as money by government regulation or law but it is not backed by any commodity, such as gold, silver etc., but only by the faith of the bearer? A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Last Answer : C. Fiat Money Explanation: Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity.

Any type of money that has face value greater than its value as material substance is known as _______ A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Description : Any type of money that has face value greater than its value as material substance is known as _______ A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Last Answer : B. Representative Money Explanation: A claim on a commodity, for example gold certificates or silver certificates. Any type of money that has face value greater than its value as material substance is called Representative Money.

Paper Money issued on the credit of a bank or government is called ______ A. Commodity Money B. Representative Money C. Fiat Money D. Fiduciary currency E. None of the Above

Description : Paper Money issued on the credit of a bank or government is called ______ A. Commodity Money B. Representative Money C. Fiat Money D. Fiduciary currency E. None of the Above

Last Answer : D. Fiduciary currency Explanation: Fiduciary Money that depends for its value on confidence that it is an accepted medium of exchange. It originated as a paper certificate that was a promise to pay a certain amount of gold or silver to the bearer.

Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Description : Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Last Answer : d) Both b and c

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Insurance is compulsory, if the article contains a) Gold coins or bullion, currency notes & any other valuable articles b) VP articles below the value of Rs 600/- c) Containing lorry receipts d) All parcels exceeding 4 KG in weight

Description : Insurance is compulsory, if the article contains a) Gold coins or bullion, currency notes & any other valuable articles b) VP articles below the value of Rs 600/- c) Containing lorry receipts d) All parcels exceeding 4 KG in weight

Last Answer : a) Gold coins or bullion, currency notes & any other valuable articles

Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

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Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

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Will Cryptocurrency Take Over From Fiat Currency?

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The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as __________ A. Minimum Reserve System B. Proportional Reserve System C. Maximum Fiduciary Issue system D. Simple deposit system E. None of the Above

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Last Answer : A. Minimum Reserve System Explanation: The RBI follows a minimum reserve system in the note issue. Initially, it used to keep 40 per cent of gold reserves in its total assets.

Which bank has become the first private sector bank to sell Indian gold coins? A) Dhanlaxmi Bank B) Federal Bank C) ICICI Bank D) IndusInd Bank E) Karur Vysya Bank

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Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Description : Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Last Answer : (3) Cheque Explanation: On the basis of acceptability, money has been classified into legal tender and optional money. Legal tender money is enforced by law. Optional money is that money which may ... Different credit instruments, like, cheques, bank drafts, etc., are the examples of optional money.

Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

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Last Answer : Cheque

What is the Value of gold plated copies of coins?

Description : What is the Value of gold plated copies of coins?

Last Answer : There is no value. First they are gold plated and not gold.Second they are copies.

Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : (4) Goods are exchanged with goods. Explanation: Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, ... crisis, such as when the currency may be either unstable or simply unavailable for conducting commerce,

Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : Goods are exchanged with goods.

Explain the following terms/concept : Fiduciary duty

Description : Explain the following terms/concept : Fiduciary duty

Last Answer : Explain the following terms/concept : Fiduciary duty

Corporate Fiduciary Duties?

Description : Corporate Fiduciary Duties?

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In their fiduciary role, the professional accountants owe their primary loyalty to: a. The accounting profession b. The general public c. The client d. Government regulatory agencies

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What is the full form of FIAT?

Description : What is the full form of FIAT?

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What is the full form of FIAT?

Description : What is the full form of FIAT?

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Mr. Shrimant inherits 4325 gold coins and divides them among his three sons; Bharat, Parat and Marat; in a certain ratio. Out of the total coins received by each of them, Bharat sells 40 coins; Parat donates his 20 coins and Marat loses 30 coins. Now, the ratio of gold coins with them is 41:34:46, respectively. How many coins did Parat receive from his father? a) 1210 b) 1211 c) 1212 d) 1213 e) None of these

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MT UMI super I paired with hand free integrated in the car (fiat, blue me system).

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Last Answer : UMI SUPER phone, paired with a hand free in the vehicle (fiat, blue me system). The phone is displayed, allows you to make or receive a call, mutes the radio, the other party hears me ... change. Previous phones of the same brand worked without any problems. I ask very much for any advice.

Can I use 5w30 oil in a fiat punto?

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What effect will each of the following have on the demand for small automobiles such as the mini-cooper and fiat 500 small auoymobiled become more fashionable?

Description : What effect will each of the following have on the demand for small automobiles such as the mini-cooper and fiat 500 small auoymobiled become more fashionable?

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What are the dimensions of the tires of the truck Fiat 616 year 1973?

Description : What are the dimensions of the tires of the truck Fiat 616 year 1973?

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Are gold coins / medals a good investment?

Description : Are gold coins / medals a good investment?

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Advice on buying gold and silver coins?

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Last Answer : First buy gold they do better than the silver. Buying US gold coins has done well for me. You can get them from the US Mint online. Buying from dealers can be risky if you are new at it.

A beggar found a leather purse that someone had dropped in the marketplace. Opening it, he discovered that it contained 100 pieces of gold. Then he heard a merchant shout, 'A reward! A reward to the one who finds my leather purse!' Being an honest man, the beggar came forward and handed the purse to the merchant saying, 'Here is your purse. May I have the reward now?' 'Reward?' scoffed the merchant, greedily counting his gold. 'Why the purse I dropped had 200 pieces of gold in it. You've already stolen more than the reward! Go away or I'll tell the police.' 'I'm an honest man,' said the beggar defiantly. 'Let us take this matter to the court.' In court, the judge patiently listened to both sides of the story of a leather bag lost and a leather bag found. He counted the coins; 100 gold coin

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Who were the first to issue gold coins? -Do You Know?

Description : Who were the first to issue gold coins? -Do You Know?

Last Answer : answer:

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The gold coins issued by Daryush-I were known as ____________ 

Description : The gold coins issued by Daryush-I were known as ____________ 

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Are dollar coins made out of gold?

Description : Are dollar coins made out of gold?

Last Answer : The more recent US dollar coins are not actually comprised of gold (like the Sacajawea coin). They only look golden. Coins during the gold rush from 1849-1889 were made of 90% gold and are the most commonly known US Coins to be made out of gold.

How much are Hungarian Korona gold coins worth?

Description : How much are Hungarian Korona gold coins worth?

Last Answer : Just the amount of gold in the coin is worth $960. There can be $50-$75 premiums added for quality and condition of coins.

Does it make sense to buy gold coins as an investment?

Description : Does it make sense to buy gold coins as an investment?

Last Answer : It depends on how long you want to remain invested. Over a long period of time gold always goes up. But right now the prices are so high that it is possible for them to go down in the short term.

Do people who buy gold coins make a good investment?

Description : Do people who buy gold coins make a good investment?

Last Answer : Currently Gold is a good investment. The price does fluctuate and there is no way to determine if prices will remain high.

Does the United States sell any gold coins?

Description : Does the United States sell any gold coins?

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Who were the first king to issue gold coins in India?

Description : Who were the first king to issue gold coins in India?

Last Answer : Indo- Greeks

Who were the first kings to issue gold coins in India?

Description : Who were the first kings to issue gold coins in India?

Last Answer : Indo-Greeks

Who were the first to issue gold coins?

Description : Who were the first to issue gold coins?

Last Answer : Indo Greeks

1. Which countries were involved in 100 year war? 2. Who is the author of a collection of poems called Golden Threshold? 3. What do ligaments join? 4. Which is the most important factor in soil formation? 5. Who were the first to issue gold coins?

Description : 1. Which countries were involved in 100 year war? 2. Who is the author of a collection of poems called Golden Threshold? 3. What do ligaments join? 4. Which is the most important ... creation of climatic homogeneity by the sea? 20. Who invented the technique of extracting scent from Rose?

Last Answer : Answer : 1. England and France 2. Sarojini Naidu 3. Bone to bone 4. Climate 5. Indo Greeks 6. 6 months 7. Remains same 8. Increasing 9. Mantle 10. Due to the invasion of Timur 11. Thomos ... nobility created by Iltutmish 16. Water gas 17. Brian Lara 18. 1999-2000 19. Marine west coast 20. Nurjahan

The value of a commodity expressed in terms of money is known as - (1) Price (2) Utility (3) Value (4) Wealth

Description : The value of a commodity expressed in terms of money is known as - (1) Price (2) Utility (3) Value (4) Wealth

Last Answer : (1) Price Explanation: The exchange value of every commodity can be expressed in terms of money. This possibility has enabled money to become a medium for expressing values when the growing elaboration of ... . Thus, price can be defined as exchange value of a commodity expressed in terms of money.

The value of a commodity expressed in terms of money is known as (1) Price (2) Utility (3) Value (4) Wealth

Description : The value of a commodity expressed in terms of money is known as (1) Price (2) Utility (3) Value (4) Wealth

Last Answer : Price

If our currency lost its value for whatever reason, would you find gold valuable?

Description : If our currency lost its value for whatever reason, would you find gold valuable?

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Which of the following is an independent commodity exchange based in Mumbai? A. MGEX B. MCE C. MDEX D. MCX E. MEX

Description : Which of the following is an independent commodity exchange based in Mumbai? A. MGEX B. MCE C. MDEX D. MCX E. MEX

Last Answer : D. MCX Explanation: Multi Commodity Exchange of India Ltd (MCX) (BSE: 534091) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai.