New Forms of Money
Trending Questions
Which of the following is the correct order in the evolution of money?
Gold, salt, notes, credit cards
Salt, gold, notes, credit cards
Gold, notes, credit cards, salt
Salt, credit cards, gold, notes
Dynamic functions of money are related to:
exchange of goods and services
valuation of goods and services
stability and growth of the economy
transfer of wealth across different parts of the economy
When the money value of money exceeds the commodity value of money, it is called:
fiat money
fiduciary money
full bodied money
credit money
Full-bodied money is that money whose money value and commodity value are:
declared as equal by the RBI
different in the market
declared as equal by the government
equal in the market
Demand deposits are:
non-chequeable deposits
both (a) and (c)
deposits which can be withdrawn on demand
chequeable deposits
Money which is accepted as a medium of exchange because of the trust between the payer and the payee is called:
full bodied money
credit money
fiat money
fiduciary money
- representative
- intrinsic
- full bodied money
- exclusive
- durability
- aesthetics
- portability
- availability
The cheque is also called:
Far Money
Near Money
Electronic Money
Full-bodied Money
The total amount of currency notes and coins in circulation is called