Advertisements
Advertisements
Question
Match the following:
| Column I | Column II | ||
| A. | Currency | (i) | Something which is commonly used as medium of exchange |
| B. | Bank money | (ii) | Currency and demand deposits |
| C. | Money | (iii) | Bank demand deposits |
| D. | Modern form of money | (iv) | Paper notes + coins |
Advertisements
Solution
| Column I | Column II | ||
| A. | Currency | (iv) | Paper notes + coins |
| B. | Bank money | (iii) | Bank demand deposits |
| C. | Money | (i) | Something which is commonly used as medium of exchange |
| D. | Modern form of money | (ii) | Currency and demand deposits |
APPEARS IN
RELATED QUESTIONS
Who regulates money supply in India?
Money whose value as a commodity is equal to its face value is called:
Which of the following agency is responsible for issuing ₹ 1 currency note in India?
Which of the following institutions is authorised to issue currency in India?
Which one of the following is not a modern form of money?
Indian rupee is legal tender.
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Bank money is legal tender money.
Reason (R): Cheques drawn on demand deposits can be refused by anyone as a mode of payment. Hence, demand deposits (i.e. bank money) are not legal tenders they are optional.
Why is money referred to as legal tender?
Distinguish between fiat money and bank money.
What is fiat money?
