TUTORIAL 6
1. Define the term of “Money”.
2. Briefly discus what is your understanding about Barter System.
3. Explain the FOUR (4) function of money to overcome the weakness of the Barter system.
4. Define the functions of Bank Negara Malaysia.
5. Explain the function of Commercial Bank.
6. Differentiate between Conventional Banking and Islamic Banking
7. Explain the concept of Islamic banking below with appropriate example in current product
practice in Islamic banking.
a. Wadiah
b. Mudharabah
c. Murabahah
d. Musyarakah
e. Ijarah
8. Describe the Statutory Reserve and Cash Reserve.
9. List down the tools of monetary policy and explain how Central bank control Inflation
and recession using each of monetary policy tools.