which of the following is true for Cross cheque?
A) Is issued only by a business firm
B) Is not accepted by banks
C) Ensures immediate payment of cash to the holder
D) None of the above
Correct Answer:
Verified
Q5: Liquidity of a monetary asset means:
A)Velocity of
Q6: Barter means:
A)Trade through metallic money only
B)Trade of
Q7: Government securities:
A)Mean currency
B)Are near money
C)Are bought and
Q8: Which is the characteristic of a good
Q9: This is NOT money
A)Currency
B)Prize bond
C)Demand deposit in
Q11: This is a characteristic of good money:
A)High
Q12: This is a characteristic of good money:
A)High
Q13: It is a kind of money:
A)Credit money
B)Discredit
Q14: It is included in kinds of money:
A)Legal
Q15: Treasury Bill is a document used for:
A)A
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