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PERSONAL FINANCE LESSON 1-2
Franz Brian
12
Idinagdag na problema (20/ 20)
Payagan ang maling sagot
Ipakita ang sagot
public na pagsusulit

# 1

maikling sagot

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

  • Finance

# 2

maikling sagot

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

  • Economics

# 3

maikling sagot

What are the goals of the economy?

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

# 4

maikling sagot

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

  • Money

# 5

maikling sagot

What are the functions of money?

  • Medium of exchange, Unit of account, Store of value

# 6

maikling sagot

What are the two kinds of money?

  • Commodity Money, Fiat Money

# 7

maikling sagot

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

  • Coinage of Money

# 8

maikling sagot

What are the features of a good money?

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

# 9

maikling sagot

How can you detect a counterfeit bill?

  • 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

# 10

maikling sagot

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

  • Lack of money

# 11

maikling sagot

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

  • George Bernard Shaw

# 12

maikling sagot

What is a medium of exchange and standard value?

  • Money

# 13

maikling sagot

What is the source of corruption and sorrow?

  • Money

# 14

maikling sagot

What is the source of happiness?

  • Money

# 15

maikling sagot

What can money buy?

  • Companions, pleasures, or sex

# 16

maikling sagot

What can money not buy?

  • Friends, happiness, or love

# 17

maikling sagot

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

  • Importance of Money

# 18

maikling sagot

The total amount of money in circulation in an economy.

  • supply of money

# 19

maikling sagot

What are the goals of the economy?

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

# 20

maikling sagot

What are the features of a good money?

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

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