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EIB – JUL 2020 – L1 – Q7 – Money Classification and Control

Classifies money, groups fiduciary money, reasons for keeping money, and government measures to control supply.

Question

a. Name the three main classification of money.

b. Fiduciary money may be grouped into three, Name any two.

c. Mention two reasons why people keep money.

d. State three measures the government may introduce to control money supply.

Answer

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Tags: Control measures, fiduciary money, money classification, reasons for holding money
Level: Level 1

Topic: Money
Series: JULY 2020

EIB – OCT 2022 – L1 – Q7 – Money Concepts and Bank Rate

Definitions and factors related to money, motives, and monetary policy tools.

Question

(a) What is legal money? (4 marks

(b) State two factors that determine the amount of money people reserve for speculative motives. (4 marks)

d) What is the most basic requirement of money? (4 marks

e) Define the term bank rate. (4 marks)

(Total marks:20)

Answer

Find Related Questions by Tags, levels, etc.

Tags: bank rate, legal money, money items, money requirement, speculative motives
Level: Level 1

Topic: Money
Series: OCT 2022

EIB – JUL 2020 – L1 – Q7 – Money Classification and Control

Classifies money, groups fiduciary money, reasons for keeping money, and government measures to control supply.

Question

a. Name the three main classification of money.

b. Fiduciary money may be grouped into three, Name any two.

c. Mention two reasons why people keep money.

d. State three measures the government may introduce to control money supply.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Control measures, fiduciary money, money classification, reasons for holding money
Level: Level 1

Topic: Money
Series: JULY 2020

EIB – OCT 2022 – L1 – Q7 – Money Concepts and Bank Rate

Definitions and factors related to money, motives, and monetary policy tools.

Question

(a) What is legal money? (4 marks

(b) State two factors that determine the amount of money people reserve for speculative motives. (4 marks)

d) What is the most basic requirement of money? (4 marks

e) Define the term bank rate. (4 marks)

(Total marks:20)

Answer

Find Related Questions by Tags, levels, etc.

Tags: bank rate, legal money, money items, money requirement, speculative motives
Level: Level 1

Topic: Money
Series: OCT 2022

Topic: Money

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EIB – JUL 2020 – L1 – Q7 – Money Classification and Control

Classifies money, groups fiduciary money, reasons for keeping money, and government measures to control supply.

EIB – OCT 2022 – L1 – Q7 – Money Concepts and Bank Rate

Definitions and factors related to money, motives, and monetary policy tools.

EIB – JUL 2020 – L1 – Q7 – Money Classification and Control

Classifies money, groups fiduciary money, reasons for keeping money, and government measures to control supply.

EIB – OCT 2022 – L1 – Q7 – Money Concepts and Bank Rate

Definitions and factors related to money, motives, and monetary policy tools.

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EIB – JUL 2020 – L1 – Q7 – Money Classification and Control

Classifies money, groups fiduciary money, reasons for keeping money, and government measures to control supply.

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EIB – OCT 2022 – L1 – Q7 – Money Concepts and Bank Rate

Definitions and factors related to money, motives, and monetary policy tools.

You're reporting an error for "EIB – OCT 2022 – L1 – Q7 – Money Concepts and Bank Rate"

EIB – JUL 2020 – L1 – Q7 – Money Classification and Control

Classifies money, groups fiduciary money, reasons for keeping money, and government measures to control supply.

You're reporting an error for "EIB – JUL 2020 – L1 – Q7 – Money Classification and Control"

EIB – OCT 2022 – L1 – Q7 – Money Concepts and Bank Rate

Definitions and factors related to money, motives, and monetary policy tools.

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