Economics

Question 1

1Barter is

Easy

A. the direct exchange of goods for goods B. buying with money C. saving money D. borrowing from a bank

Question 2

2The Ghana Stock Exchange is located in

Easy

A. Takoradi B. Tamale C. Accra D. Kumasi

Question 3

3Money as a store of value means it

Easy

A. is used to compare prices B. is used to pay debts later C. is exchanged for goods D. can be saved for future use

Question 4

4Inflation reduces the effectiveness of money as a

Hard

A. measure of length B. medium of exchange only C. unit of weight D. store of value

Question 5

5Money supply M1 typically includes

Hard

A. gold reserves B. treasury bills only C. currency in circulation and demand deposits D. foreign currency held abroad

Question 6

6Shares of public companies in Ghana are traded on the

Easy

A. Treasury B. Bank of Ghana C. Ghana Commodity Exchange only D. Ghana Stock Exchange

Question 7

7Which institution issues Ghana's currency?

Easy

A. Ghana Revenue Authority B. Ministry of Trade C. Bank of Ghana D. GCB Bank

Question 8

8A rural bank mainly serves

Easy

A. farmers and rural communities B. only big companies C. the central bank D. foreign governments

Question 9

9Under barter, trade is difficult mainly because of the need for

Easy

A. a double coincidence of wants B. interest rates C. paper money D. a central bank

Question 10

10The bank that acts as the lender of last resort is the

Easy

A. savings and loans company B. central bank C. commercial bank D. rural bank