Distribution & Money Quiz

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Distribution and money quiz

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adesola adekoya

Nigeria

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Distribution & Money Quiz


Distribution & Money QuizOnline version Distribution and money quiz by adesola adekoya 1 1.Which intermediary, acts specifically between the producer and the retailer? (a). Agent (b.) Wholesaler (c.) Consumer (d.) Distributor a Agent b Distributor c Wholesaler d Consumer 2 2.The greatest disadvantage of the barter system is the need for (a.) durability (b.) divisibility (c.) homogeneity (d.) double coincidence of wants a homogeneity b double coincidence of wants c durability d divisibility 3 3.The "lender of last resort" in the banking system is the (a.) merchant bank (b.) mortgage bank (c.) central bank (d.) commercial bank a merchant bank b central bank c commercial bank d mortgage bank 4 4.A negative effect of having a large number of middlemen in the distributive chain is ( a.) lower price of goods (b.) higher price of goods ( c.) greater variety (d.) better quality a better quality b greater variety c lower price of goods d higher price of goods 5 5.The motive for holding money to meet day-to-day needs is: (a.) speculative (b.) precautionary( c). transitionary (d.) investment a speculative b transitionary c precautionary d investment 6 6.Which of the following is a function of the retailer? (a). Bulk breaking (b.) After-sales service (c.) Financing the producer (d.) Warehousing a Warehousing b Bulk breaking c Financing the producer d After-sales service 7 7.Which bank specializes in lending money for real estate development? (a) Merchant banks (b.) Mortgage banks (c.) Development banks (d.) Central banks a Merchant banks b Central banks c Mortgage banks d Development banks 8 8.If the price of an apple doubles from last year, the value of money is: (a.) Stable (b.) Falling (c.) Rising (d.) Getting stronger a Stable b Falling c Getting stronger d Rising 9 9.What is the normal channel by which commodities reach the final consumer? (a). Manufacturerwholesalerretailerconsumer (b.) Manufacturerretaileragent (c.) Wholesalerretailer (d.) Agentconsumer a Manufacturer—wholesaler—retailer—consumer b Manufacturer—retailer—agent c Agent—consumer d Wholesaler—retailer 10 10.Moral suasion is a method of control that involves: (a.) Force (b.) Persuasion and advice (c.) Selling bonds (d.) Raising taxes a Selling bonds b Persuasion and advice c Raising taxes d Force 11 11."Hoarding" of goods by middlemen leads to: (a.) Lower prices (b.) Artificial scarcity (c.) Higher supply (d.) Better quality a Higher supply b Better quality c Artificial scarcity d Lower prices 12 12.A legal tender is any form of money which (a.) Is portable (b.) Is divisible (c.) A creditor must accept by law (d.) Is backed by gold a Is portable b A creditor must accept by law c Is backed by gold d Is divisible 13 13.Open market operation (OMO) refers to: (a) Buying\/selling govt securities (b.) Households buying goods (c.) New banks (d.) Buying raw materials a New banks b Buying raw materials c Buying/seLling govt securities d Households buying goods 14 14.When a manufacturer sells directly to a consumer, it is called: (a.) Wholesale trade (b.) Retail trade (c.) Direct distribution (d.) Indirect distribution a Indirect distribution b Retail trade c Direct distribution d Wholesale trade 15 15.Holding money for unforeseen contingencies is the: (a.) Transitionary motive (b.) Precautionary motive c. Speculative motive d. Profit motive a Profit motive b Speculative motive c Transitionary motive d Precautionary motive 16 16.A major problem of product distribution in Nigeria is: (a.) High demand (b.) Inadequate storage (c.) Low population (d.) Too much money a High demand b Low population c Too much money d Inadequate storage 17 17.Which of the following is a function of the central bank? (a.) Accepting public deposits (b.) Serving as a banker's bank (c.) Retail advice (d.) Underwriting shares a Accepting public deposits b Serving as a banker's bank c Underwriting shares d Retail advice 18 18.The most important quality of money is that it must be: (a.) Generally acceptable (b.) Relatively scarce (c.) Portable (d.) Durable a Durable b Portable c Relatively scarce d Generally acceptable 19 19.Which of the following is considered a liability to a commercial bank? (a.) Loans to customers (b.) Customer deposits (c.) Treasury bills (d.) Office equipment a Customer deposits b Office equipment c Treasury bills d Loans to customers 20 20.One function of the wholesaler to the retailer is: (a.) Granting of credit (b.) Manufacturing (c.) Farming (d.) Price control a Manufacturing b Farming c Price control d Granting of credit

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Distribution & Money Quiz

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Distribution & Money QuizOnline version

by adesola adekoya

1.Which intermediary, acts specifically between the producer and the retailer? (a). Agent (b.) Wholesaler (c.) Consumer (d.) Distributor

2.The greatest disadvantage of the barter system is the need for (a.) durability (b.) divisibility (c.) homogeneity (d.) double coincidence of wants

3.The "lender of last resort" in the banking system is the (a.) merchant bank (b.) mortgage bank (c.) central bank (d.) commercial bank

4.A negative effect of having a large number of middlemen in the distributive chain is ( a.) lower price of goods (b.) higher price of goods ( c.) greater variety (d.) better quality

5.The motive for holding money to meet day-to-day needs is: (a.) speculative (b.) precautionary( c). transitionary (d.) investment

6.Which of the following is a function of the retailer? (a). Bulk breaking (b.) After-sales service (c.) Financing the producer (d.) Warehousing

7.Which bank specializes in lending money for real estate development? (a) Merchant banks (b.) Mortgage banks (c.) Development banks (d.) Central banks

8.If the price of an apple doubles from last year, the value of money is: (a.) Stable (b.) Falling (c.) Rising (d.) Getting stronger

9.What is the normal channel by which commodities reach the final consumer? (a). Manufacturerwholesalerretailerconsumer (b.) Manufacturerretaileragent (c.) Wholesalerretailer (d.) Agentconsumer

10.Moral suasion is a method of control that involves: (a.) Force (b.) Persuasion and advice (c.) Selling bonds (d.) Raising taxes

11."Hoarding" of goods by middlemen leads to: (a.) Lower prices (b.) Artificial scarcity (c.) Higher supply (d.) Better quality

12.A legal tender is any form of money which (a.) Is portable (b.) Is divisible (c.) A creditor must accept by law (d.) Is backed by gold

13.Open market operation (OMO) refers to: (a) Buying\/selling govt securities (b.) Households buying goods (c.) New banks (d.) Buying raw materials

14.When a manufacturer sells directly to a consumer, it is called: (a.) Wholesale trade (b.) Retail trade (c.) Direct distribution (d.) Indirect distribution

15.Holding money for unforeseen contingencies is the: (a.) Transitionary motive (b.) Precautionary motive c. Speculative motive d. Profit motive

16.A major problem of product distribution in Nigeria is: (a.) High demand (b.) Inadequate storage (c.) Low population (d.) Too much money

17.Which of the following is a function of the central bank? (a.) Accepting public deposits (b.) Serving as a banker's bank (c.) Retail advice (d.) Underwriting shares

18.The most important quality of money is that it must be: (a.) Generally acceptable (b.) Relatively scarce (c.) Portable (d.) Durable

19.Which of the following is considered a liability to a commercial bank? (a.) Loans to customers (b.) Customer deposits (c.) Treasury bills (d.) Office equipment

20.One function of the wholesaler to the retailer is: (a.) Granting of credit (b.) Manufacturing (c.) Farming (d.) Price control