Match the following statements in column I with statements in column I
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: a-ii, b-iv, c- iii, d-i
(a-ii) Barter system involves exchange of one commodity for another.
(b-iv) 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.