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

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
by

1 Answer

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.
by
selected

Related questions

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

Description : 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

Last Answer : 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.

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.

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.

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

Other than the gold standard what non fiat currency is a good investment?

Description : Other than the gold standard what non fiat currency is a good investment?

Last Answer : It sounds like you are asking what good barter items might be. It would have to be something that lasts a long time or something that can be created continuously, something physical, and something that ... system is kicking in, growing your own and trading it for things you need is a win-win.

Will Cryptocurrency Take Over From Fiat Currency?

Description : Will Cryptocurrency Take Over From Fiat Currency?

Last Answer : I don't really see this kind of situation coming to reality any time soon. I have always been of the opinion that cryptocurrency has not gotten to that level where we can say that they are going to ... of most of the coins in their areas and this is something that we should think about as well.

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

Description : 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 ... Reserve System C. Maximum Fiduciary Issue system D. Simple deposit system E. None of the Above

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.

An _______ is a connector showing the relationship between the representative shapes. a) line b) arrow c) Process d) box

Description : An _______ is a connector showing the relationship between the representative shapes. a) line b) arrow c) Process d) box

Last Answer : Answer: b Explanation: Arrows are the connectors that show the relationship between different shapes. They also show the flow of the program

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

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?

Last Answer : Corporate fiduciary duties demand that the "fiduciary," (who is given legal control over funds), establishes a "standard of care" that rejects normal self interest for the benefit of the ... finances. The fiduciary must not take advantage of or betray the confidence of the entrusting parties.

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

Description : 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

Last Answer : The client

Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of _______ A. 15 days B. 3 months C. 6 months D. 1 year E. 7 days

Description : Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of _______ A. 15 days B. 3 months C. 6 months D. 1 year E. 7 days

Last Answer : D. 1 year Explanation: Term Deposit with maturity of minimum 1 year & maximum 5 years can be opened under Foreign Currency Non-Resident(FCNR) scheme.

Currency Swap is an instrument to manage _______ A. currency risk B. interest rate risk C. currency and interest rate risk D. cash flows in different currency E. All of the above

Description : Currency Swap is an instrument to manage _______ A. currency risk B. interest rate risk C. currency and interest rate risk D. cash flows in different currency E. All of the above

Last Answer : D. cash flows in different currency Explanation: A currency swap (or a cross currency swap) is a foreign exchange derivative between two institutions to exchange the principal and/or interest payments of a loan in one currency for equivalent amounts, in net present value terms, in another currency.

Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets under _______ of the Banking Regulation Act, 1949 A. Section 35A B. Section 25A C. Section 15A D. Section 30A E. None of the Above

Description : Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets under _______ of the Banking Regulation Act, 1949 A. Section 35A B. Section 25A C. Section 15A D. Section 30A E. None of the Above

Last Answer : A. Section 35A Explanation: The Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets. It has issued a directive to banks under Section 35A of the Banking Regulation Act, 1949.

Currency swap is an instrument to manage _______ A. Interest Rate Risk B. Currency Risk C. Cash flows in different countries D. All of the Above E. None of the Above

Description : Currency swap is an instrument to manage _______ A. Interest Rate Risk B. Currency Risk C. Cash flows in different countries D. All of the Above E. None of the Above

Last Answer : C. Cash flows in different countries Explanation: A currency swap (or a cross currency swap) is a foreign exchange derivative between two institutions to exchange the principal and/or interest ... loan in one currency for equivalent amounts, in net present value terms, in another currency.

The income elasticity of demand being greater than one, the commodity must be - (1) a necessity (2) a luxury (3) an inferior good (4) None of these

Description : The income elasticity of demand being greater than one, the commodity must be - (1) a necessity (2) a luxury (3) an inferior good (4) None of these

Last Answer : (2) a luxury Explanation: In economics, income elasticity of demand measures the responsiveness of the demand for a good to a change in the income of the people demanding the good, ceteris paribus. It is ... If the elasticity of demand is greater than 1, it is a luxury good or a superior good.

The income elasticity of demand being greater than one, the commodity must be (1) a necessity (2) a luxury (3) an inferior good (4) None of these

Description : The income elasticity of demand being greater than one, the commodity must be (1) a necessity (2) a luxury (3) an inferior good (4) None of these

Last Answer : a luxury

Do you think Fiat/Chrysler will go out of business?

Description : Do you think Fiat/Chrysler will go out of business?

Last Answer : answer:No. This fine ($105 mill) is going to be largely covered by insurance anyway. And Fiat has VERY deep pockets. This is a drop in the bucket. Nothing which is going to cause them any financial instability.

Can anyone tell me what year this Fiat Spider is?

Description : Can anyone tell me what year this Fiat Spider is?

Last Answer : answer:I had a boyfriend who had a Fiat back in college. Every time he drove it over railroad tracks, the steering had to be realigned. It was an awesome car, and fun to ride around in, and the ... you can assess what the car is worth. There are a number of restorations that are featured on the web.

Can a Fiat Cinquecento 0.9 engine be replaced with a 1.1 Sporting (or other) engine?

Description : Fiat Cinquecento 0.9 engine can be replaced with 1.1 Sporting (or other) engine?

Last Answer : I think it's workable. The story is quite a job, but you can do it. You definitely have to start with the conceptions. [img] https:///wp-content/uploads/2016/02/S0-La-p-tite-sportive-du-lundi-Fiat-Cinquecento-Sporting-144210.jpg [/ img] [img ] https:///wp-content/uploads/2016/02/7224-1.jpg [/ img] 

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

Description : The phone is displayed, allows you to make or receive a call, mutes the radio, the other party hears me well, but I do not hear the other party at all.In the phone android6.2. After ... without change. Previous phones of the same brand worked without any problems. I ask very much for any advice.

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?

Description : Can I use 5w30 oil in a fiat punto?

Last Answer : It would depend on the year of the car and engine type.

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?

Last Answer : Feel Free to Answer

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?

Last Answer : Standard tire size: 125 - 12 Tire width (mm): 125 Tire sidewall factor: 82 Rim size (in): 12 Total wheel diameter (mm / in): 510 / 20.1

What is the full form of FIAT?

Description : What is the full form of FIAT?

Last Answer : First in all test (Fiat)

What is the full form of FIAT?

Description : What is the full form of FIAT?

Last Answer : First in all test (Fiat)

When shares of face value Rs.50 each are sold above par at Rs.10 premium, then the money required to buy 30 such shares it _______.

Description : When shares of face value Rs.50 each are sold above par at Rs.10 premium, then the money required to buy 30 such shares it _______.

Last Answer : When shares of face value Rs.50 each are sold above par at Rs.10 premium, then the money required to buy 30 such shares it _______.

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.

At a local trade show a purchaser of office equipment discussed the price of a computer work station with a representative of Haworth office furnishings. As a result of the discussion the buyer purchased a suitable work station at a lower price than the stated list price. This type of industrial pricing is called: A)transfer. B)open bid. C)solicited D)petitioned E)open

Description : At a local trade show a purchaser of office equipment discussed the price of a computer work station with a representative of Haworth office furnishings. As a result of the discussion the buyer purchased a ... of industrial pricing is called: A)transfer. B)open bid. C)solicited D)petitioned E)open

Last Answer : D)petitioned

Face value and market value of a share are Rs.100 and Rs.120 respectively, and the rate of return is `10%`. Then, dividend is _______ (in %).

Description : Face value and market value of a share are Rs.100 and Rs.120 respectively, and the rate of return is `10%`. Then, dividend is _______ (in %).

Last Answer : Face value and market value of a share are Rs.100 and Rs.120 respectively, and the rate of return is `10%`. Then, dividend is _______ (in %).

Transaction in which a contract for the purchase or sale of any commodity including stocks and shares is periodically of ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips is known as: a) Wagering Transaction b) Speculative Transaction c) Deemed Speculative Transaction

Description : Transaction in which a contract for the purchase or sale of any commodity including stocks and shares is periodically of ultimately settled otherwise than by the actual delivery or transfer of the ... known as: a) Wagering Transaction b) Speculative Transaction c) Deemed Speculative Transaction

Last Answer : b) Speculative Transaction

Missouri State Representative Cynthia Davis: shrewd money manager or heartless bureaucrat?

Description : Missouri State Representative Cynthia Davis: shrewd money manager or heartless bureaucrat?

Last Answer : Colbert

What is/are the characteristics of „Hot Money‟? A. The term is used for fresh currency notes issued by RBI B. It is the fund which inflows in the market to take advantage of high interest rates C. It is the fund which is thrown in the market to create imbalance in the stock markets D. All of the Above E. None of the Above

Description : What is/are the characteristics of Hot Money ? A. The term is used for fresh currency notes issued by RBI B. It is the fund which inflows in the market to take advantage of high interest rates C. It ... in the market to create imbalance in the stock markets D. All of the Above E. None of the Above

Last Answer : B. It is the fund which inflows in the market to take advantage of high interest rates Explanation: Hot money is currency that moves regularly, and quickly, between financial markets so investors ensure they are getting the highest short-term interest rates available.

A foreign currency denominated bond issued by foreign company in Singapore is known as ______ A. Yankee bond B. Bulldog bond C. Uridashi bond D. Husao bond E. Lion City bond

Description : A foreign currency denominated bond issued by foreign company in Singapore is known as ______ A. Yankee bond B. Bulldog bond C. Uridashi bond D. Husao bond E. Lion City bond

Last Answer : E. Lion City bond Explanation: Lion City bond foreign currency denominated bond issued by foreign company in Singapore.

Ad Valorem tax is levied - (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

Description : Ad Valorem tax is levied - (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

Last Answer : (3) according to value given by producers Explanation: An ad valorem tax (Latin for "according to value") is a tax based on the value of real estate or personal property. It is more ... difficulty with such taxation, especially in the case of tariffs, is in establishing a satisfactory value figure.

Ad Valorem tax is levied (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

Description : Ad Valorem tax is levied (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

Last Answer : according to value given by producers

which of the following is not a problem with commodity money? -General Knowledge

Description : which of the following is not a problem with commodity money? -General Knowledge

Last Answer : Value is not a problem with commodity money.

The excess of what we are prepared to pay over what we actually pay for a commodity is known as

Description : The excess of what we are prepared to pay over what we actually pay for a commodity is known as

Last Answer : Ans. Consumer surplus

What's a good place in the USA to trade foreign currency at the face exchange rate?

Description : What's a good place in the USA to trade foreign currency at the face exchange rate?

Last Answer : You’ll probably do best at your own bank if they do exchanges.

Whose face would you like to see printed on the next new currency?

Description : Whose face would you like to see printed on the next new currency?

Last Answer : Obama

Which type of democracy do we follow in India? (1) Direct (2) Presidential (3) Representative (4) Dictatorship

Description : Which type of democracy do we follow in India? (1) Direct (2) Presidential (3) Representative (4) Dictatorship

Last Answer : (3) Representative Explanation: India follows representative democracy that is also known as indirect democracy. It is a type of democracy founded on the principle of elected officials representing a ... of government in which all eligible citizens vote on representatives to pass laws for them.

A representative from Coca-Cola automatically stops by a local fast-food outlet once a month to determine how much soft-drink syrup the store will need. This is an example of which type of organisational purchase: A)new-task B)modified rebuy C)straight rebuy D)negotiated

Description : A representative from Coca-Cola automatically stops by a local fast-food outlet once a month to determine how much soft-drink syrup the store will need. This is an example of which type of organisational purchase: A)new-task B)modified rebuy C)straight rebuy D)negotiated

Last Answer : C)straight rebuy

The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Description : The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Last Answer : E. Other than those given as options Explanation: The loan to deposit ratio is used to calculate a lending institution‘s ability to cover withdrawals made by its customers.

Many food brokers are more accurately described as manufacturers' agents because they A)handle food products from a single manufacturer. B)provide assistance in grading, negotiating, and inspecting foods. C)have specialised knowledge of a particular commodity. D)provide services on a somewhat permanent basis and operate in specific geographic territories. E)charge higher commissions than most other brokers.

Description : Many food brokers are more accurately described as manufacturers' agents because they A)handle food products from a single manufacturer. B)provide assistance in grading, negotiating, and ... and operate in specific geographic territories. E)charge higher commissions than most other brokers.

Last Answer : D)provide services on a somewhat permanent basis and operate in specific geographic territories

Because of proven beneficial effects on “cardiac remodeling”, these agents are now indicated as first line therapy in CHF patients. Which of the following is representative of this group of drugs? (a) Hydrochlorothiazide (b) Enalapril (c) Furosemide (d) Carvedilol (e) Bumetanide

Description : Because of proven beneficial effects on “cardiac remodeling”, these agents are now indicated as first line therapy in CHF patients. Which of the following is representative of this group of drugs? (a) Hydrochlorothiazide (b) Enalapril (c) Furosemide (d) Carvedilol (e) Bumetanide

Last Answer : Ans: B

Henry hears one of his senior salespeople spreading rumours about the drinking problems experienced by a competitor's sales representative. When they get out to the car, Henry asks the perpetrator how she would feel if such information was being spread about her personal life.Henry's response is most consistent with which one of the following moral philosophies? A)Ethical formalism B)Relativism C)Humanitarianism D)Opportunism E)Conscious rationalism

Description : Henry hears one of his senior salespeople spreading rumours about the drinking problems experienced by a competitor's sales representative. When they get out to the car, Henry asks ... moral philosophies? A)Ethical formalism B)Relativism C)Humanitarianism D)Opportunism E)Conscious rationalism

Last Answer : A)Ethical formalism

A sales representative for Coca -Cola travels to various shops and restaurants to determine how much syrup the customer needs for the coming period. The sales representative would be classified as which one of the following types of sales A)Order getter B)Inside order taker C)Field order taker D)Missionary salesperson E)Trade salesperson

Description : A sales representative for Coca -Cola travels to various shops and restaurants to determine how much syrup the customer needs for the coming period. The sales representative would be classified ... )Order getter B)Inside order taker C)Field order taker D)Missionary salesperson E)Trade salesperson

Last Answer : C)Field order taker