MARCELINO MINEZ RAMOS MARCELINO MINEZ RAMOS

MONEY C) a change in the monetary system.

1. To prevent counterfeiting, coins must a decrease in their purchasing power.
to have the same characteristics in weight, color, E) the loss of the nominal value of the currency.
size, etc., that is, they must present 8. Gresham's law states that money
A) durability. the good and the bad are displaced from the
B) elasticity. market.
C) stability. bad displaces good from the market.
D) divisibility. the one with the highest nominal value displaces the one of

E) homogeneity. minimum nominal value.

2. When money allows families to acquire the one of greater real value displaces the one of lesser
goods and services to meet your needs real value.
it serves as the good displaces the bad from the market.
A) unit of account. 9. The primary issuance of money by the
B) pattern of deferred payments. BCR without backing in production is called
C) measure of value. A) secondary issuance.
D) medium of exchange. B) primary offer.
E) store of value. C) inorganic emission.
3. When we say that money allows us to allocate the D) organic emission.
the price of goods is because it complies with E) money supply.
its function of serving as 10. The banknotes and coins issued by the BCR that
A) store of value. are in the power of the public consist of
B) pattern of future payments. A) the quasi-money.
C) measure of value. B) the monetary offer.
D) value deposit. C) the money commodity
E) medium of exchange. D) the circulating.
4. Regarding the values of money, that which is established E) the secondary issuance of money.
by the BCR on behalf of the State is the 11. In our economy, the nominal value of money
A) of change. it establishes ..............., as long as its power
B) real. purchasing power is established ...............
C) nominal. A) the State - the INEI.
D) extrinsic. B) the BCRP - the INEI.
intrinsic C) the market - the demander.
5. It is deduced from Gresham's law that those who wish the supply - the demand.
saving is done by accumulating good currency and E) the BCRP - the market.
they will use the bad currency for The current money has a higher nominal value
A) generate savings. what real value, hence it is considered
B) the exchange of goods. A) intrinsic.
C) increase their purchasing power. B) fiduciary.
D) convert it into a currency. credit.
E) increase its nominal value. D) financial.
6. When we say that banknotes and coins E) monetary.
they must have the same denomination 13. The monetary value of the assets expresses that the
same characteristics in weight, size, color, etc. money constitutes.
we refer to the fact that money must be a means of payment.
A) durable. b) A deposit of value.
B) Stable c) A store of value.
C) easily transportable. a medium of exchange.
D) homogeneous. e) A measure of value.
E) divisible. 14. Money allows setting prices for goods,
7. In our economy, it is important to maintain the due to the fact that it is:

monetary stability since an increase in the level a) Medium of exchange.

price general will generate b) Store of value.
A) an increase in wages. c) Means of payment.
B) greater purchasing power. d) Unit of account.
MARCELINO MINEZ RAMOS 1 MARCELINO MINEZ RAMOS
MARCELINO MINEZ RAMOS Marcelino Minez Ramos
e) Store of value. The price increase affects the ............ of the
15. The function of money as a store of value implies money
what: a) homogeneity.
It is used for buying. b) divisibility.
b) Set prices. c) stability.
c) It allows to save. legality.
It is used in the markets e) durability.
It is used for selling. 24. The dollar is a currency .................. because
16. For an object to be used as money, it must: his buying power remains over time.
to be paper. a) legal.
b) Be light. b) homogeneous.
c) To have general acceptance. c) easy to transport.
d) Be made of metal. d) stable.
to be created by banks. e) divisible.
17. The ability to save money is expressed in its 25. The value storage of money refers to
function of : what:
a) Measure of value. Goods have a price.
b) Depósito de valor. b) You can save.
c) Means of payment. It is a unit of account.
d) Unit of account. d) It allows barter.
e) Currency unit. It is a means of payment.
18. Money allows buying and selling goods, which is why it 26. Money serves as a medium of exchange because of
he/she claims that it is: what:
a) Unit of account. a) Allows speculation.
b) Medio de cambio. It is used in commercial transactions.
c) Store of value. c) Allows you to save.
d) Deposit in checking account d) Set prices.
e) Medida de valor. It is used in banks.
19. Functions of money, except: 27. It is incorrect regarding money:
a) Medium of exchange. a) Set prices.
b) Means of payment. b) Measure of value.
c) Unit of account. They are only made of metal.
d) General acceptance. d) It allows you to save.
e) Measure of value. e) Medium of exchange.
20. Money is ................ because it allows measuring value. 28. The price of a pair of trousers is S/.100, this
of the assets. constitutes an example that money:
payment method. It is used to buy.
b) value deposit. b) It only allows saving.
c) means of exchange. c) It is a unit of account.
deferred payment method. d) Allows selling.
e) unit of account. It is a means of payment.
21. It is the function of money: 29. In today's society, the exchange of goods is
a) Unit of account. carry out through:
b) Easy transport. a) Livestock.
c) Durability. b) Gold coins.
d) Stability. c) The cattle.
e) Homogeneity. d) Money.
22. The purchase of goods on credit and their future payment e) Silver coins.
means that money represents a. 30. It constitutes an example of a store of value from the
a) Store of value. money.
b) Deferred payment method. a) Purchase of goods.
c) Unit of account. b) Sale of services.
d) Medium of exchange. c) Save money in banks.
e) Measure of value. d) Sale of goods.
Marcelino Minez Ramos 2 MARCELINO MINEZ RAMOS
MARCELINO MINEZ RAMOS MARCELINO MINEZ RAMOS
e) Credit purchase. C) decade of the nineties - of
31. The ability to increase or decrease the hyperinflation.
the amount of money is called: D) context of the oil boom -
a) Homogeneity. moderables.
b) Divisibility. E) later part of the twentieth century - galloping.
c) Elasticity. 38. The importance of the basic consumption basket
d) Durability. the calculation of inflation is due to
e) Stability. A) allows knowing the real salary.
INFLATION B) is the indicator of price variation.
32. The economic imbalance characterized by C) serves as the basis for the preparation of the CPI.
a general increase in prices caused by D) is made up of eight large groups
excessive issuance of banknotes is referred to of consumption.
A) moderate inflation. E) shows the wholesale prices and the
B) reflation. products it contains.
C) demand-pull inflation. 39. Regarding demand-pull inflation, indicate the
D) cost-push inflation. incorrect proposition.
E) stagflation. A) It is a proposal from the theorists
33. The inflation rate during 2012 was liberals.
2.65%, according to its intensity, it would be classified as B) Consider the assumption that the economy
galloping. is at full employment.
B) imported. C) It is a form of inflation that is generated by
C) moderate. the pressure on the rise in labor costs.
D) deflationary. D) Cuando se produce un incremento en los
E) hyperinflationary. income, aggregate demand grows.
34. That inflation that occurs when the rate is E) Arises from excessive public spending.
greater than 1000% annually is called 40. About the causes that originate a process
A) moderate. inflationary, indicate the proposition that does not
B) galloping. It corresponds to her.
C) hyperinflation. A) The excessive inorganic issuance of money
D) recession. on the part of the BCR.
E) overproduction. B) The increase in production costs
35. To the economic phenomenon that denotes a reduction of the companies.
of the circulating and causes a general decrease and C) The increase in international prices
sustained price increase is known as of inputs and capital goods.
A) reflation. D) The decrease in purchasing power of the
B) devaluation. national currency.
C) deflation. E) Speculation by the
D) recession. traders on future prices.
E) depreciation. 41. Why is inflation harmful?
The increase in the price of wheat flour A) Modify the price structure by making
it would generate an increase in the price of bread, due to competitive to the country.
a B) Reduce the nominal income of individuals.
A) demand-pull inflation. C) Reduce real wage levels of the
B) deflation. worker.
C) organic emission. D) It benefits those who possess material wealth.
D) cost-push inflation. E) It affects borrowers in a significant way.
E) inorganic emission. 42. The official in charge of measuring inflation
37. The inflationary phenomenon experienced in our for our economy it is the ..............., which
country in the ............... generated that it reached use the ..............., which measures the average level of
levels ............... prices of goods and services that a family
A) década de los ochenta - menores de 100 usually consumes.
% annual. A) INEI - national income
B) 1970s - elevated from B) MEF - IPC
well-being. C) INEI - IPC
MARCELINO MINEZ RAMOS 3 Marcelino Minez Ramos
MARCELINO MINEZ RAMOS MARCELINO MINEZ RAMOS
D) BCR - price index Money loses value.
E) INEI - income per person d) Protests are increasing.
43. The inflationary phenomenon would bring about The money buys less.
consequence 51. In times of inflation:
A) inorganic emission. a) Increase the investment.
B) the stability of the currency. The products are cheap.
C) the increase in purchasing power. Money buys more.
D) the increase in production. d) There is price stability.
the decrease in purchasing power. e) Decreases the real wage.
44. The main consequence of inflation is: 52. The real wage and the inflationary phenomenon
a) Increase in piecework wages they relate in form.
b) reduction of nominal salary. a) Zero.
c) Decrease in strikes. b) Inverse.
d) Cheap products. c) Growing.
e) Decrease in real wages. d) Horizontal.
45. The presence of hyperinflation ........... savings in e) Direct.
national currency.
a) Increases. 53. The purchasing power of money ........... in a
b) Maintains constant. deflation.
c) Reduce. increases.
d) It doesn't change. b) it is constant.
e) Incentive. c) decreases.
46. Higher inflation, then ............. purchasing power d) it does not increase.
of money. it is reduced.
a) Mayor. 54. 11. If there is hyperinflation in an economy,
b) Constant. then its population:
c) Invariable. a) Buy more goods.
d) Minor. Increases their well-being.
e) Increases. c) Reduce your poverty.
47. If there is inflation, then the money: d) Buy fewer goods.
a) Buy more goods. Improves their standard of living.
b) It maintains its purchasing power. 55. 12. The purchasing power or salary ...........
c) Acquire fewer goods. increases in deflationary processes.
d) Increases their purchasing power. a) nominal.
e) Produce deflation. b) legal minimum.
48. The relationship between purchasing power of c) real.
money and inflation is: vital minimum.
a) Direct. on piece rate.
b) Zero. 56. The general price level ............. is a
Positive. inflation.
d) Vertical. it does not rise.
e) Inverse. b) decreases.
49. Inflation does not affect: c) remains constant.
a) The real wage. is reduced.
b) The workers. it increases.
c) The economy. 57. The savings in national currency and the rate of
d) The nominal wage. inflation is related in the following way:
e) Purchases. Inverse.
b) Direct.
c) Zero.
d) Horizontal.
50. They are consequences of inflation, except: e) Growing.
The products are cheap. 58. During inflationary processes, the population:
b) Lower real salary. a) Buy more goods.
Marcelino Minez Ramos 4 Marcelino Minez Ramos
MARCELINO MINEZ RAMOS MARCELINO MINEZ RAMOS
b) It increases their standard of living. e) Purchases.
c) Increase your salary 66. They are consequences of inflation, except:
real. the products son
d) Decreases its power of cheap.
purchase. Lower real salary.
Save in moneda Money loses value.
national. d) Protests are increasing.
59. The decrease in real wages and the value of money The money buys less.
are consequences of the: 67. In times of inflation:
Deflation. a) Increase investment.
b) Reactivation. The products are
c) Overproduction. cheap.
d) Inflation. Money buys more.
e) Abundance of goods. there is stability of
60. The main consequence of inflation is: prices.
a) Increase in piece-rate wages e) The real wage decreases.
b) reduction of nominal salary. 68. The real wage and the inflationary phenomenon
c) Decrease in strikes. they relate in form.
d) Cheap products. Zero.
e) Decrease in real wages. Inverse.
61. The presence of hyperinflation ........... the c) Growing.
savings in local currency. d) Horizontal.
a) Increases. e) Direct.
b) Maintains constant. 69. The purchasing power of money ........... in a
c) Reduce. deflation.
d) Does not change. a) increases.
e) Incentive. b) it is constant.
62. Higher inflation, then ............. power of c) decreases.
purchase of money. d) it does not increase.
a) Mayor. it is reduced.
Constant. 70. If there is hyperinflation in an economy,
c) Invariable. so its population:
Minor. Buy more goods.
Increases. Increases their well-being.
63. If there is inflation, then money: c) Reduce your poverty.
Buy more goods. d) Buy fewer goods.
b) Maintains his power Improves their standard of living.
acquisitive. 71. The purchasing power or salary ........... increases
c) Acquire fewer goods. in deflationary processes.
d) Increases its power of a) nominal.
compra. b) legal minimum.
e) Produce deflation. c) real.
64. The relationship between purchasing power d) vital minimum.
of money and inflation is: piecework.
Direct. 72. The general price level ............. is a
b) Zero. inflation.
Positive. doesn't rise.
d) Vertical. b) decreases.
e) Inverse. c) remains constant.
65. Inflation does not affect: it is reduced.
a) The real wage. it increases.
b) The workers. 73. Savings in national currency and the rate of
c) The economy. inflation is related in the following way:
d) The nominal salary. Inverse.
Marcelino Minez Ramos 5 MARCELINO MINEZ RAMOS
MARCELINO MINEZ RAMOS MARCELINO MINEZ RAMOS
b) Direct.
c) Zero.
d) Horizontal.
e) Growing.
74. 1During inflationary processes, the population:
a) Buy more goods.
b) It increases their standard of living.

c) Increases their salary

real.
d) Decreases its power of
purchase.
e) Save in currency
national.
75. The decrease in real wages and the value of money
its consequences of the:
a) Deflation.
Reactivation.
c) Overproduction.
d) Inflation.
e) Abundance of goods.

MARCELINO MINEZ RAMOS 6 MARCELINO MINEZ RAMOS