Question 1 Not yet answered Marked out of 100 Flag question Question 2 Not yet answered Marked out of 1.00 Flag question Question 3 Not yet answered Marked out of 1.00 Flag question Question 4 Not yet answered Marked out of 1.00 PiHag question Question 5 Not yet answered Marked out of 1.00 P Flag question Question 6 Not yet answered Marked out of 1.00 Flag question Which of the following are included when quantifying the amount of money in a country? Select one: O a. Currency in circulation plus deposits at the central bank O b. The above plus checking accounts at commercial banks O c. It depends on which definition of money you are using In a market setting, it is possible for a form of money to serve the unit of account function even if no-one is holding it or passing it on Select one: O a. No, this kind of money would serve no purpose at all in this setting O b. No, this kind of money would be inflated away and become worthless O c. Yes, it might still be useful as a way of comparing the value of things, even if you pay with a different type of money If you take some cash with you to a store and buy a kilo of rice with it, which function(s) of money are you using? Select one: O a. Means of payment only, since it's just a simple payment O b. Unit of account only, since the price was stated in local currency O c. The two above, and also store of value when you took the cash to the store Currency in circulation must be backed up by some reserves that the central bank holds Select one: O a. Not necessarily, sometimes it is supported simply by public trust O b. Some level of commodity backing is necessary, but not necessarily to the full value of the currency O c. Yes, it always needs to be fully backed by reserves in gold or foreign currency Which is NOT an advantage of smart phones over lower-end phones? Select one: O a. Possibility of more engaging user interfaces O b. Lower cost of acquisition O c. Greater opportunities for capturing useful customer data What restriction will regulators likely impose on an online store that sells gift certificates but does not have a banking or electronic money license? Select one: O a. The certificates cannot be redeemed in cash O b. The certificates cannot be denominated in local currency O c. The value of the certificates must be fully backed by money in pooled bank accounts Question 7 Not yet answered Marked out of 1.00 P Flag question Question 8 Not yet answered Marked out of 1.00 Flag question Question 9 Not yet answered Marked out of 1,00 Fielag question Question 10 Not yet answered Marked out of 1.00 Flag question Can non-bank payment players offer accounts that customers can use to store money? Select one: O a. Yes, storage of value is generally unlicensed O b. Only where regulation explicitly permits non-bank issuers of electronic money O c. No, you always need to be a bank in order to issue accounts Can money be understood as a form of debt? Select one: O a. No, it can only be understood as an asset: money is value you hold yourself, and no one owes it to you O b. Yes, as when you have money on deposit at a bank this is money the bank owes you O c. No, money is always merely a form of intrinsic value: it just exists, without being either an asset or a debt in accounting terms Which of the following is the most logical classification of stores of value, in decreasing order of liquidity? Select one: O a. House / Car / $100 note/balance on checking account/ balance on savings deposit O b. Car / $100 note/balance on checking account/ balance on savings deposit / house O c. $100 note / balance on checking account/ balance on savings deposit/car/house O d. They are all equally liquid Which of the following can not be said to be a digital store of value under any interpretation of digital value? Select one: O a. A Bitcoin or a Ripple wallet O b. A credit card O c. Airtime bought with Vodafone O d. Mobile money wallet
