'Money is what it does' is defined by
Crowther
Walker
Robertson
Keynes
The portion of income not spent on ___ is saving
Consumption
Production
Distribution
Investment
What are the modern forms of money?
Currency
Plastic money
Demand deposits
All the above
Money includes
Coin
Cheques
_______ means addition to the existing production capacities.
The surplus of production over consumption is called
Capital formation
Current transfer
__________ is inevitable for capital formation and economic growth.
Saving
_____ is the unit of account and a standard of common measurement.
Medium of exchange
Measure of value
Store of value
Standard of deferred payment
The essential feature of _______ is that the buyer and seller have to agree to sell or buy each others commodities.
Money
Demand
Deposit
Barter system
A __________ is a paper in instructing the bank to pay a specific amount from a person's account.
Loan
Demand deposit
Cheque