Finance I

Preliminary Examination

Name:
I. Definition. Define the following.
1. Money
2. Barter
3. Monetary Standard
II. Identification. Identify the following.
4. It is a monetary system in which the purchasing power or value of the monetary unit is equal to the value of a
designated quantity of a particular commodity or set of commodities. ________________
5. A country is said to be in this kind of monetary standard when the government allows the conversion of gold
bullions in to coins which are freely obtained by the citizens of a country in exchange for other forms of money.
________________
6. It is a monetary system wherein the monetary unit or standard money of the country is expressed in a definite
weight and fitness of gold in bar or bullion form. ________________
III. Enumeration. Enumerate the following.
Functions of money
7.
8.
9.
10.
Attributes of good money
11.
12.
13.
14.
15.
16.
17.
18.
Kinds of money
19.
20.
21.
22.
IV. Discussion (7 pts.)
Give the reason why barter as a means exchange has been abandoned.