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.

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.
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Goods are exchanged with goods.
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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,

Exchange of goods against goods is called (a) Charter (b) Barter © Hunter (d) None of them.

Description : Exchange of goods against goods is called (a) Charter (b) Barter © Hunter (d) None of them.

Last Answer : (b) Barter

In barter transactions, goods or services are purchased for other goods or services.

Description : In barter transactions, goods or services are purchased for other goods or services.

Last Answer : State whether the following statement are true or false with reason : In barter transactions, ... services are purchased for other goods or services.

(i) In barter transaction goods are exchange for ____________

Description : (i) In barter transaction goods are exchange for ____________

Last Answer : Complete the following sentence : (i) In barter transaction goods are exchange for ____________ ( ... more than his assets is known as ___________

Why was barter system replaced by coins?

Description : Why was barter system replaced by coins?

Last Answer : Need answer

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

Last Answer : (4) cheques Explanation: There are two types of money in a fractional-reserve banking system, currency originally issued by the central bank, and hank deposits at commercial banks: (1) ... created in the banking system through borrowing and lending) - sometimes referred to as chequebook money.

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

Last Answer : cheques

“Hawala transactions” in India are prohibited under the provision of which of the following acts? A. Banking Regulation Act B. Financial Action Task Force Act C. Foreign Exchange Management Act D. All of the Above E. None of the above

Description : “Hawala transactions” in India are prohibited under the provision of which of the following acts? A. Banking Regulation Act B. Financial Action Task Force Act C. Foreign Exchange Management Act D. All of the Above E. None of the above

Last Answer : C. Foreign Exchange Management Act Explanation: ―Hawala transactions‖ in India are prohibited under the provision of Foreign Exchange Management Act.

'PROTECTION' means - (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Description : 'PROTECTION' means - (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Last Answer : (4) All of the above Explanation: Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a ... protect businesses and workers within a country by restricting or regulating trade with foreign nations.

‘PROTECTION’ means (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Description : ‘PROTECTION’ means (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Last Answer : All of the above

What is it that can act as a medium of exchange in transactions? -SST 10th

Description : What is it that can act as a medium of exchange in transactions? -SST 10th

Last Answer : It is money that can act as a medium of exchange in transactions.

____________ is termed as consideration in a contract of sale: A. Exchange money B. Barter money C. Price D. Reward

Description : ____________ is termed as consideration in a contract of sale: A. Exchange money B. Barter money C. Price D. Reward

Last Answer : C. Price

What do all of the following have in common: tuition, fee, premium, retainer, dues? A)They all must be paid in cash. B)They are forms of exchange similar to, but not identical with money. C)They are forms of exchange similar to, but not identical with barter. D)They are different terms for the concept of price.

Description : What do all of the following have in common: tuition, fee, premium, retainer, dues? A)They all must be paid in cash. B)They are forms of exchange similar to, but not identical with money. ... of exchange similar to, but not identical with barter. D)They are different terms for the concept of price.

Last Answer : D)They are different terms for the concept of price.

What does ECS in banking transactions stand for? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) Electronic Clearing Service

Description : What does ECS in banking transactions stand for? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) Electronic Clearing Service

Last Answer : (4) Electronic Clearing Service Explanation: Electronic Clearing Service is a mode of electronic funds transfer from one bank account to another bank account using the services of a Clearing ... tax, etc or for loan installments of financial institutions/banks or regular investments of persons.

What does ECS in banking transactions stand for ? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) lectronic Clearing Service

Description : What does ECS in banking transactions stand for ? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) lectronic Clearing Service 

Last Answer : lectronic Clearing Service

How can money be easily exchanged for goods or services ? Give an example to explain. -SST 10th

Description : How can money be easily exchanged for goods or services ? Give an example to explain. -SST 10th

Last Answer : 1. Money as a standard medium of payments can easily be exchanged for any commodity or service because transactions involving money only involve the use of money which in turn is very convenient as against ... they wish to buy. Money is, thus, the most convenient and time-saving medium of exchange.

Which of the following is the oldest system of money? (a) Barter ; (b) Plastic money ; (c) Credit money ; (d) Gold

Description : Which of the following is the oldest system of money? (a) Barter ; (b) Plastic money ; (c) Credit money ; (d) Gold

Last Answer : (a) Barter ;

What are the advantages and disadvantages of the barter system over the use of money?

Description : What are the advantages and disadvantages of the barter system over the use of money?

Last Answer : Tax avoidance

Which of the following function does money serve when used to purchase or sell different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Description : Which of the following function does money serve when used to purchase or sell different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Last Answer : (b) Medium of exchange ;

Which of the following function does money serve when used to measure the prices of different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Description : Which of the following function does money serve when used to measure the prices of different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Last Answer : (c) Standard of value ;

1. Which of the following IS a function of money? a. medium of exchange b. store of value c. unit of accounting d. all of the above

Description : 1. Which of the following IS a function of money? a. medium of exchange b. store of value c. unit of accounting d. all of the above

Last Answer : a. medium of exchange

For which function money is accepted as a unit of account? (a) Measure of value. (b) Store of value. © Medium of exchange. (d) Standard of deferred payment.

Description : For which function money is accepted as a unit of account? (a) Measure of value. (b) Store of value. © Medium of exchange. (d) Standard of deferred payment.

Last Answer : (a) Measure of value.

What are the difficulties from which the barter system of exchange suffers? -SST 10th

Description : What are the difficulties from which the barter system of exchange suffers? -SST 10th

Last Answer : (i) Lack of double coincidence of wants. (ii) Valuations of all the goods cannot be done easily. (iii) Certain products cannot be divided.

The oldest form of exchange--trading of products--is known as A)credit. B)buying. C)purchasing. D)barter. E)pricing.

Description : The oldest form of exchange--trading of products--is known as A)credit. B)buying. C)purchasing. D)barter. E)pricing.

Last Answer : D)barter.

People barter and trade goods. Economic decisions are based on customs. Economies are usually rural and farm-based. Which economic system is described by the list A. mixed B. market C. traditional D. command?

Description : People barter and trade goods. Economic decisions are based on customs. Economies are usually rural and farm-based. Which economic system is described by the list A. mixed B. market C. traditional D. command?

Last Answer : c

A Free Trade Zone is an area 1. where goods are traded free of cost 2. where goods are traded through barter 3. where there are no customs duties 4. where government controls production and distribution 5. None of these

Description : A Free Trade Zone is an area 1. where goods are traded free of cost 2. where goods are traded through barter 3. where there are no customs duties 4. where government controls production and distribution 5. None of these

Last Answer : where there are no customs duties

(A) Any kind of exchange force helps the nucleus to be more destabilised. (R ) `pi`-mesons are exchanged between nucleons incessantly.

Description : (A) Any kind of exchange force helps the nucleus to be more destabilised. (R ) `pi`-mesons are exchanged between nucleons incessantly.

Last Answer : (A) Any kind of exchange force helps the nucleus to be more destabilised. (R ) `pi`-mesons are exchanged ... D. If both (A) and (R ) are incorrect.

Is the ability of two or more systems or components to exchange information and to use the information that has been exchanged?

Description : Is the ability of two or more systems or components to exchange information and to use the information that has been exchanged?

Last Answer : INTEROPERABLE s the ability of two or more systems or components to exchange information and to use the information that has been exchanged.

Chloride shift is (A) H ions leaving the RBC in exchange of Cl- (B) Cl– leaving the RBC in exchange of bicarbonate (C) Bicarbonate ion returns to plasma and exchanged with chloride which shifts into the cell (D) Carbonic acid to the plasma

Description : Chloride shift is (A) H ions leaving the RBC in exchange of Cl- (B) Cl– leaving the RBC in exchange of bicarbonate (C) Bicarbonate ion returns to plasma and exchanged with chloride which shifts into the cell (D) Carbonic acid to the plasma

Last Answer : Answer : C

Exchange rate is the rate at which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction.

Description : Exchange rate is the rate at which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction.

Last Answer : FALSE

In cash transaction, goods or services are exchanged for __________ 

Description : In cash transaction, goods or services are exchanged for __________ 

Last Answer : In cash transaction, goods or services are exchanged for __________ (a) other goods (b) other services (c) immediate cash (d) grains

In economic goods includes material things which………. (a) Can be transferred ; (b) Can be exchanged for one another ; (c) Both ; (d) None

Description : In economic goods includes material things which………. (a) Can be transferred ; (b) Can be exchanged for one another ; (c) Both ; (d) None

Last Answer : (c) Both ;

Arrange the following Acts in the order in which they came into force. (i) The Monopolies Restrictive Trade Practices Act (ii) Indian Contract Act (iii) The Sale of Goods Act (iv) The Foreign Exchange Management Act A. (il), (iii), (i), (iv) B. (iii), (i), (iv) and (ii) C. (i), (ii), (iii), (iv) D. (iv), (iii), (ii), (i)

Description : Arrange the following Acts in the order in which they came into force. (i) The Monopolies Restrictive Trade Practices Act (ii) Indian Contract Act (iii) The Sale of Goods Act (iv) The Foreign Exchange Management Act A. (il), (iii), (i ... (ii) C. (i), (ii), (iii), (iv) D. (iv), (iii), (ii), (i)

Last Answer : B. (iii), (i), (iv) and (ii)

In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions

Description : In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions 

Last Answer : b. a customer buys several electronic coins which are digitally signed by coin issuing bank 

Price mechanism is a feature of - (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Description : Price mechanism is a feature of - (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Last Answer : (1) Capitalist economy Explanation: Price mechanism is an economic term that refers to the manner in which the prices of commodities affect the demand and supply of goods and services. It is ... that only by allowing prices to move freely will the supply of any given commodity match demand.

Price mechanism is a feature of (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Description : Price mechanism is a feature of (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Last Answer : Capitalist economy

Gross National Product means - (1) gross value of finished goods (2) money values of the total national production for any given period (3) gross value of raw materials and semifinished products (4) money value of inputs and outputs

Description : Gross National Product means - (1) gross value of finished goods (2) money values of the total national production for any given period (3) gross value of raw materials and semifinished products (4) money value of inputs and outputs

Last Answer : (2) money values of the total national production for any given period Explanation: Gross national product (GNP) is the market/monetary value of all products and services produced in one year by labour and property supplied by the residents of a country.

Gross National Product means (1) gross value of finished goods (2) money values of the total national production for any given period (3) gross value of raw materials and semi-finished products (4) money value of inputs and outputs

Description : Gross National Product means (1) gross value of finished goods (2) money values of the total national production for any given period (3) gross value of raw materials and semi-finished products (4) money value of inputs and outputs

Last Answer : money values of the total national production for any given period

Free Trade refers to - (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty

Description : Free Trade refers to - (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty

Last Answer : (1) free movement of goods from one country to another Explanation: Free trade is a policy by which a government does not discriminate against imports or interfere with exports by ... countries are determined by price strategies that may differ-from those that would emerge under deregulation.

Comparative advantage occurs when (a) A country can produce more goods than anyone else (b) A country has a lower opportunity cost in the production of a good than any other country © A country has more product lines than other countries (d) The exchange rate appreciates.

Description : Comparative advantage occurs when (a) A country can produce more goods than anyone else (b) A country has a lower opportunity cost in the production of a good than any other country © A country has more product lines than other countries (d) The exchange rate appreciates.

Last Answer : (b) A country has a lower opportunity cost in the production of a good than any other country

Free Trade refers to (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty

Description : Free Trade refers to (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty

Last Answer : free movement of goods from one country to another

Open market operations of RBI refer to buying and selling of - (1) Commercial bills (2) Foreign exchange (3) Gold (4) Government bonds

Description : Open market operations of RBI refer to buying and selling of - (1) Commercial bills (2) Foreign exchange (3) Gold (4) Government bonds

Last Answer : (4) Government bonds Explanation: OMOs are the market operations conducted by the Reserve Bank of India by way of sale/ purchase of Government securities to/ from the market with an objective to ... are tight, the RBI will buy securities from the market, thereby releasing liquidity into the market.

Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Last Answer : (2) the forces of demand and supply in the foreign exchange market Explanation: A floating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to ... by the foreign-exchange market through supply and demand for that particular currency relative to other currencies.

Open market operations of RBI refer to buying and selling of (1) Commercial bills (2) Foreign exchange (3) Gold (4) Government bonds

Description : Open market operations of RBI refer to buying and selling of (1) Commercial bills (2) Foreign exchange (3) Gold (4) Government bonds

Last Answer : Government bonds

Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies 

Last Answer :  the forces of demand and supply in the foreign exchange market

Mark correct options a) COD means Cash-on-Delevery b) Under COD system may be exchanged VP parcel c) VP letter, Parcel & COD parcel may be insured in accordance with the conditions d) All of the above are correct

Description : Mark correct options a) COD means Cash-on-Delevery b) Under COD system may be exchanged VP parcel c) VP letter, Parcel & COD parcel may be insured in accordance with the conditions d) All of the above are correct

Last Answer : d) All of the above are correct

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.

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.

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

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 : Cheque