Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

Match the following statements in column I with statements in column I

 

 

Options:

a-ii, b-iv, c- iii, d-i

a-ii, b-iv, c- i, d-iii

a-ii, b-iii, c-iv, d-i

a-iii, b- I, c-ii, d-iv

Correct Answer:

a-ii, b-iv, c- iii, d-i

Explanation:

(a-ii) Barter system involves exchange of one commodity for another. 
(b-iv) It depends on double co-incidence of wants which means the mutual wants of buyer and seller are simultaneously fulfilled. 
(c-iii) Currency and coins with public constitutes the legal tender of the economy. 
(d-i) The total volume of money held by the public at point in time is the money supply of the economy.