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Questions and Answers
What gives the Central Bank the legal right to issue currency notes?
What gives the Central Bank the legal right to issue currency notes?
- Finance Ministry
- Commercial Banks
- Supervisors
- The Government (correct)
Which entity regulates and supervises the proper functioning of commercial banks?
Which entity regulates and supervises the proper functioning of commercial banks?
- Central Bank (correct)
- Supervisors
- Government
- Finance Ministry
What is one of the functions of the Central Bank in relation to commercial banks?
What is one of the functions of the Central Bank in relation to commercial banks?
- Accepts deposits
- Provides loans with high interest rates
- Issues currency notes
- Acts as a financial advisor (correct)
Which term is used to describe the ability of money to hold its value over time?
Which term is used to describe the ability of money to hold its value over time?
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What type of money is created by the Central Bank with a fixed value equal to a specific amount of gold or silver?
What type of money is created by the Central Bank with a fixed value equal to a specific amount of gold or silver?
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In the context of money, what role does the Central Bank play as a 'lender of last resort'?
In the context of money, what role does the Central Bank play as a 'lender of last resort'?
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'Legal Tender' refers to:
'Legal Tender' refers to:
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'CRR' and 'SLR', regulatory terms in banking, stand for:
'CRR' and 'SLR', regulatory terms in banking, stand for:
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'Fiat Money' derives its value from:
'Fiat Money' derives its value from:
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'Unit of Account' refers to money's function as:
'Unit of Account' refers to money's function as:
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