Economics (9-1) - 0987 CIE

Money And Banking

Akopọ

Imagine trying to buy lunch with a sack of rice, or paying your school fees in chickens. Before money, people had to barter, and trade only happened when two people each wanted exactly what the other had. Money swept that problem away, and the banks that handle it quietly keep the whole economy running.

In this lesson you will learn the forms, functions and characteristics of money, then look inside the banking system: what a central bank does for a whole country and what commercial banks do for everyday customers and firms. By the end you will be able to explain why money is one of the greatest inventions in history and how banks turn deposits into the lifeblood of spending and investment.

Awọn Afojusun

  1. forms, functions and characteristics of money
  2. role and importance of central banks
  3. role and importance of commercial banks

Akọ̀wé Ẹ̀kọ́

Money and banks sit beneath almost every other topic: prices, saving, borrowing, interest rates and monetary policy all assume a working money and banking system. Understanding what money does, and who manages it, makes the macroeconomy far easier to follow.

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  1. Which is a function of money rather than a characteristic? A. durability B. portability C. store of value D. divisibility Answer: C
  2. The act of swapping goods directly for other goods, without money, is called: A. credit creation B. bartering C. deferred payment D. clearing Answer: B
  3. Which function is performed by the central bank but NOT by a commercial bank? A. accepting deposits B. making loans C. acting as sole issuer of banknotes D. offering credit cards Answer: C
  4. Credit creation in an economy is mainly carried out by: A. central banks B. commercial banks C. the government D. insurance companies Answer: B
  5. Money keeps its value over time because it has the characteristic of: A. unlimited supply B. scarcity C. perishability D. non-uniformity Answer: B

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Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.

Awọn akọsilẹ ẹkọ ni kikun pẹlu awọn aworan apejuwe
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Awọn akọsilẹ ẹkọ ni kikun pẹlu awọn aworan apejuwe
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Kọ ẹkọ laisi intanẹẹti, nigbakugba, nibikibi
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