Electronic Money Overview
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Electronic Money Overview

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Questions and Answers

Who is responsible for issuing and printing legal money in a country?

  • The National Bank
  • The Commercial Banks
  • The Ministry of Finance
  • The Central Bank (correct)

    • What determines the volume of legal money in a country?

  • The Central Bank (correct)
  • The National Bank
  • The Commercial Banks
  • The Ministry of Finance

    • Which of the following is not a traditional function of money?

  • Issuing and printing (correct)
  • Medium of exchange
  • Unit of account
  • Store of value

    • Which of the following is a characteristic of electronic money?

    <p>It is not controlled by a central authority</p> Signup and view all the answers

    Which of the following is not an example of electronic money?

    <p>Traditional currency</p> Signup and view all the answers

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