Match the statements in column I with correct statements in column II.
Answer & explanation
Correct answer: option 3
The correct answer is Option 3: i-b, ii-d, iii-c, iv- a
(i-b) High interest rates means people prefer keeping money in banks rather than keeping with themselves and spend it. Hence high interest rates means low demand for money.
(ii-d) Reserve Bank of India is the central bank of India.
(iii-c) Barter exchange involves double co-incidence of wants i.e. simultaneous satisfaction of wants of the transacting parties.
(iv-a) Store of value is one of the functions of money.