Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

Which of the following statements is true?

Statement 1 :Storing wealth has become hard with the introduction of money.
Statement 2: Stored wealth is the source for future investment and higher level of economic activity.

Options:

Both the statements are true

Both the statements are false

Statement 1 is true and statement 2 is false

Statement 2 is true and statement 1 is false

Correct Answer:

Statement 2 is true and statement 1 is false

Explanation:

As storing wealth has become easy with the introduction of money.