Match the statements given under A with the correct options given under B
Match the statements given under A with the correct options given under B.
| (A) | (B) |
| (i) Barter Exchange | a. Simultaneous fulfillment of mutual wants of buyers and sellers. |
| (ii) M1 | b. Legal Tender Money |
| (iii) Currency and coins with public | c. Total volume of money held by public at a particular point of time. |
| (iv) Double Coincidence of wants | d. Currency and coins with Public + Demand Deposits of Commercial Banks + Other Deposits with RBI |
| (v) Money Supply | e. Exchange of goods for goods |
Anurag Pathak Changed status to publish December 15, 2023
Ans:
(i) – e
Barter Exchange is the exchange of goods for goods
(ii) – d
M1 = Currency and coins with Public + Demand Deposits of Commercial Banks + Other Deposits with RBI
(iii) – b
The currency and coins with the public are the legal tender money.
(iv) – a
Double Coincidence of wants is the Simultaneous fulfillment of mutual wants of buyers and sellers.
(v) – c
Money Supply = Total volume of money held by the public at a particular point of time.
Money supply = Currency and coins with the public + Demand deposits of the public with commercial banks
Anurag Pathak Changed status to publish December 15, 2023
