Question 1

Which one is known as plastic money?

Accepted Answer

Credit or Debit cards are commonly referred to as plastic money because they provide the convenience of not carrying physical cash, yet allow transactions to occur.

Question 2

From which policy government adjusts its spending levels and tax rates to monitor and influence a nation's economy.

Accepted Answer

Fiscal policy refers to the use of government spending and tax policies to influence economic conditions, including demand for goods and services, employment, and inflation.

Question 3

Financial activities done by bank is called _____.

Accepted Answer

Financial activities done by a bank are collectively referred to as "banking," which encompasses a wide range of services such as accepting deposits, lending money, and managing accounts.

Quiz 3: Economics and Market Terminology

Which one is known as plastic money?

From which policy government adjusts its spending levels and tax rates to monitor and influence a nation's economy.

Financial activities done by bank is called _____.