Expert Economics teachers from the latest edition of Sandeep Garg Macroeconomics Class 12 textbook solutions clarify Chapter 5 Money in Sandeep Garg Class 12 Macroeconomics Solutions.
Sandeep Garg Economics Class 12 Solutions are provided by MNS EdTech to provide students with a detailed understanding of the subject. These experiences provide students with a priceless advantage when it comes to completing homework or preparing for exams.
In this article, we will provide students with the solution to Chapter 5 – Money, which will aid them in achieving high grades on their board exams.
Sandeep Garg Solutions Class 12 – Chapter 5- Part B
Question 1
Define barter exchange.
Answer:
Barter exchange refers to the exchange of goods for goods.
Question 2
What is meant by the double coincidence of wants?
Answer:
The double coincidence of wants refers to the simultaneous fulfilment of the mutual wants of the buyers and sellers.
Question 3
What is the basic characteristic of money?
Answer:
General acceptability
Question 4
Define money supply.
Answer:
Money supply refers to the total volume of money held by the public at a particular point of time in an economy.
Question 5
What are demand deposits?
Answer:
Demand deposits are the deposits that can be encashed by issuing cheques.
Question 6
What is bank money?
Answer:
Bank money refers to the demand deposits created by the commercial bank.
0 Comments