Raha on paitsi jonkun varallisuutta, myös jonkun velkaa. Rahaa syntyy etenkin silloin, kun joku ottaa lainan. Keskuspankkiraha syntyy, kun pankki lainaa keskuspankista.

Lue aiheesta lisää!

Assignment 1/3:

How is money created?

[Missing text '/economyassignmentblock/question' for 'English']: 1/7

Which of the following is not a function of money?

[Missing text '/economyassignmentblock/question' for 'English']: 2/7

When is money created?

[Missing text '/economyassignmentblock/question' for 'English']: 3/7

Which body issues all the banknotes and coins in Finland?

The Bank of Finland has the exclusive right to issue banknotes and coins in Finland.

[Missing text '/economyassignmentblock/question' for 'English']: 4/7

You are about to purchase your first flat and need to take out a bank loan for the purpose. When you take out a loan, the equivalent amount of money is created. Later, when you repay your debt to the bank in full, a slightly larger amount of money than originally created will cease to exist. Explain why.

When you take out a new loan, new money is created.

[Missing text '/economyassignmentblock/question' for 'English']: 5/7

When does the bank have a debt to you?

[Missing text '/economyassignmentblock/question' for 'English']: 6/7

What does central bank money consist of?

[Missing text '/economyassignmentblock/question' for 'English']: 7/7

Which is higher overall: the amount of debts or the amount of receivables?

Someone's debt is always someone else's receivable.

You answered correctly:

NB! You can check the correct answers for each question

Assignment 2/3:

Why is the volume of cash on the rise?

The volume of euro banknotes and coins issued in Finland has been increasing every year, despite widespread use of bank cards in Finland. Look at the graph. What does it tell you?

Volumes of markka/euro banknotes put into circulation in Finland

[Missing text '/economyassignmentblock/question' for 'English']: 1/6

The curve depicting the cash volume clearly seems to peak at the end of each year. Why?

[Missing text '/economyassignmentblock/question' for 'English']: 2/6

Which of the following arguments helps explain the substantial increase in the amount of cash in circulation?

Large amounts of euro banknotes and coins are also taken out of the euro area. In addition to the euro countries, euro banknotes and coins are legal tender in Monaco, San Marino and the Vatican. Furthermore, the euro is generally accepted in Andorra, Montenegro and Kosovo.

[Missing text '/economyassignmentblock/question' for 'English']: 3/6

How much has the volume of banknotes in circulation in Finland increased?

[Missing text '/economyassignmentblock/question' for 'English']: 4/6

Why is cash used so much in foreign retail payments?

[Missing text '/economyassignmentblock/question' for 'English']: 5/6

What do the central banks of the euro area stand to gain from the exportation of euro banknotes out of the euro area?

[Missing text '/economyassignmentblock/question' for 'English']: 6/6

What is the Bank of Finland's connection with euro banknotes and coins? You may choose several right answers.

You answered correctly:

NB! You can check the correct answers for each question

Assignment 3/3:

Do you know the euro banknotes and coins?

[Missing text '/economyassignmentblock/question' for 'English']: 1/6

What motifs do the euro banknotes carry?

[Missing text '/economyassignmentblock/question' for 'English']: 2/6

What colour is the €100 note?

[Missing text '/economyassignmentblock/question' for 'English']: 3/6

Are 1 and 2 cent coins legal tender in Finland?

[Missing text '/economyassignmentblock/question' for 'English']: 4/6

Who is allowed to sign the euro banknotes issued in Finland?

[Missing text '/economyassignmentblock/question' for 'English']: 5/6

Which of the following is not a security feature?

[Missing text '/economyassignmentblock/question' for 'English']: 6/6

In which ways should you test the authenticity of a banknote?

You answered correctly:

NB! You can check the correct answers for each question

Introductory

Assignment 1/3

How is money created?

Assignment 2/3

Why is the volume of cash on the rise?

Assignment 3/3

Do you know the euro banknotes and coins?