PERSONAL FINANCE LESSON 1-2

Question 1

What is the management of money, particularly in relation to companies, organizations, or governments?

Accepted Answer

Finance

Question 2

What is the social science concerned with the proper allocation and efficient use of scarce resources to satisfy human wants?

Accepted Answer

Economics

Question 3

What are the goals of the economy?

Accepted Answer

Full Employment, Economic Growth, Price Stability, Balance of Payments and Exchange Rate Stability, Efficiency, Equal Distribution Wealth and Income

Question 4

Is any commodity or token that is generally acceptable as a means of payment.

Accepted Answer

Money

Question 5

What are the functions of money?

Accepted Answer

Medium of exchange, Unit of account, Store of value

Question 6

What are the two kinds of money?

Accepted Answer

Commodity Money, Fiat Money

Question 7

What is the process of manufacturing metals into certain shapes to maintain the uniformity in all the coins of the same kind?

Accepted Answer

Coinage of Money

Question 8

What are the features of a good money?

Accepted Answer

Generally Acceptable, Divisible, Uniform, Malleable, Cognizable, Portable, Durable

Question 9

How can you detect a counterfeit bill?

Accepted Answer

Pay Attention to the Color and Serial Number, Check the Texture, Look for Raised Text and Images, Try Damaging the Bill, Check for the Watermark, Check Security Thread, Mind the Hologram, Look at the

Question 10

What is the root of all evil, according to George Bernard Shaw?

Accepted Answer

Lack of money

Question 11

According to ____________ lack of money is the root of all evil

Accepted Answer

George Bernard Shaw

Question 12

What is a medium of exchange and standard value?

Accepted Answer

Money

Question 13

What is the source of corruption and sorrow?

Accepted Answer

Money

Question 14

What is the source of happiness?

Accepted Answer

Money

Question 15

What can money buy?

Accepted Answer

Companions, pleasures, or sex

Question 16

What can money not buy?

Accepted Answer

Friends, happiness, or love

Question 17

It gives power, prestige & privilege. It can also make us rich & famous. It is also a source of happiness.

Accepted Answer

Importance of Money

Question 18

The total amount of money in circulation in an economy.

Accepted Answer

supply of money

Question 19

What are the goals of the economy?

Accepted Answer

Full Employment, Economic Growth, Price Stability, Balance of Payments and Exchange Rate Stability, Efficiency, Equal Distribution Wealth and Income

Question 20

What are the features of a good money?

Accepted Answer

Generally Acceptable, Divisible, Uniform, Malleable, Cognizable, Portable, Durable

# 1

Maikling Sagot

What is the management of money, particularly in relation to companies, organizations, or governments?

# 2

Maikling Sagot

What is the social science concerned with the proper allocation and efficient use of scarce resources to satisfy human wants?

# 3

Maikling Sagot

What are the goals of the economy?

# 4

Maikling Sagot

Is any commodity or token that is generally acceptable as a means of payment.