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 (A)</p> Signup and view all the answers

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

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

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