What is considered as the standard unit which forms the basis of a country’s domestic money supply ?

Related Mcqs:

1. What refers to the cost of borrowing money or the amount earned by a unit principal per unit time ?

   A. Yield rate
   B. Rate of return
   C. Rate of interest
   D. Economic return

2. The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now ?

   A. 10 months
   B. 11 months
   C. 12 months
   D. 13 months

3. What is considered as the basic consuming or demanding unit of a commodity ?

   A. Seller
   B. Manufacturer
   C. Producer
   D. Buyer or consumer

4. The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ____________________?

   A. Currency appreciation
   B. Currency depreciation
   C. Currency devaluation
   D. Currency float

5. What refers to the amount of money paid for the use of borrowed capital ?

   A. Interest
   B. Rate of interest
   C. Simple interest
   D. Principal

6. The difference between the present and future worth of money at some time in the future is called __________________?

   A. Discount
   B. Deduction
   C. Inflation
   D. Depletion

7. What refers to the need, want or desire for a product backed by the money to purchase it ?

   A. Supply
   B. Demand
   C. Product
   D. Good

8. A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money ?

   A. 9.01 %
   B. 9.14 %
   C. 9.31 %
   D. 9.41 %

9. By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ?

   A. 11.23 years
   B. 11.46 years
   C. 11.57 years
   D. 11.87 years

10. Cash money and credit necessary to establish and operate an enterprise are generally called _____________________?

    A. Capital
    B. Funds
    C. Assets
    D. Liabilities