Sandeep Garg Class 12 Macroeconomics Solutions Chapter 5 Money is explained by the expert Economics teachers from the latest edition of Sandeep Garg Macroeconomics Class 12 textbook solutions.
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In this article, we will be providing the students with the solution from Chapter 5 – 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.
Barter exchange refers to the exchange of goods for goods.
What is meant by the double coincidence of wants?
The double coincidence of wants refers to the simultaneous fulfilment of the mutual wants of the buyers and sellers.
What is the basic characteristic of money?
Define money supply.
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 are demand deposits?
Demand deposits are the deposits that can be encashed by issuing cheques.
What is bank money?
Bank money refers to the demand deposits created by the commercial bank.
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