If you pay OMR 5 for lunch, you use money as a. None of the options b. Unit of account c. Store of value d. Medium of exchange If the value of Omani Rial changes from 2.50 dollar to 2.80 dollar, then a. Omani Rial has appreciated and dollar has depreciated b. Omani Rial has depreciated dollar has appreciated c. Omani Rial has appreciated and the dollar has appreciated d. Omani Rial has depreciated and dollar has depreciated Mr. Paul gave $2000 to Mrs. Smith as loan and agreed that after two months Mrs. Smith would pay the loan amount along with some interest. In this situation, money would perform function a. Store of value b. Unit of account c. Standard of deferred payment d. Medium of exchange The real GDP of a country is calculated as OMR 5000 in the year 2019. In 2020, it has increased to OMR 7200. Find how much GDP has increased during this period. a. 44.1% b. 44% C. 45% d. 43.5% According to a report, unemployment rate in India reached 27.1% in the month of May 2020 due to recession. Identify from the following what monetary measures central bank will take to solve this problem of recession? a. Increase cash reserve ratio b. Decrease the bank rate c. Decrease the tax d. Increase the government spending Suppose the nominal GDP of a county is recorded as OMR 7000 in 2017 and OMR 8200 in 2018. Calculate the percentage change in nominal GDP during this period. a. 17% b.18% c. 16.9% d. 17.14% In UAE, it was reported that for 2011, CPI inflation changed from 8.6% to 11.3%. What this statement indicates? a. Cost of living has decreased b. Standard of living has improved c. Cost of living has increased d. None of the options