Sandeep Garg Class 12 Macroeconomics Solutions Chapter 5 Money is explained by the expert Economic teachers from the latest edition of Sandeep Garg Macroeconomic Class 12 textbook solutions. We at BYJU’S provide Sandeep Garg Economics Class 12 Solutions to give comprehensive insight about the subject to the students. These insights help as a priceless benefit to students while completing their homework or while studying for their exams. There are numerous concepts in Economics, but here we provide you the solution from Money, which will be useful for the students to score well in the board exams.
Sandeep Garg Solutions Class 12 – Chapter 5- Part B
Define barter exchange.
Ans: Barter exchange refers to the exchange of goods for goods.
What is meant by double coincidence of wants?
Ans: Double coincidence of wants refers to simultaneous fulfilment of the mutual wants of buyers and sellers.
What is the basic characteristic of money?
Ans: General acceptability.
Define money supply.
Ans: Money supply refers to the total volume of money held by the public at a particular point of time in an economy.
Explore link: Chapter 4 Measurement of National Income
What is a demand deposit?
Ans: Demand deposits are the deposits, which can be encashed by issuing cheques.
What is bank money?
Ans: Bank money refers to demand deposits created by the commercial bank.
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