Money-Important Questions

IMPORTANT QUESTIONS

CHAPTER 15: Money

1. What do you mean by Barter Exchange? Can it work when there is ‘Double Coincidence of Wants’ give reason?
2. List the features of Barter Exchange?
3. Define the term ‘money’? List its components.
4. What is meant by money supply? Discuss in brief the various constituents of money supply.
5. Explain “difficulty in storing wealth” problems faced in the barter system of exchange.
6. Explain the concepts of:-
1. Demand deposits held by commercial banks
2. Currency and coins with public
7. Write the functions of money?
8. Explain why money is called a medium of exchange?
9. List the drawbacks of the barter system?
10. What are the contingent functions of money?
11. What is credit money? Explain the forms of credit money?
12. Explain three motives of money?