___ is used as a standard for future payment.
Cheque
Money
Credit card
Debit card
The portion of income not spent on ___ is saving
Consumption
Production
Distribution
Investment
The purchasing power of money depends upon the
Price level
Demand level
Supply level
All the above
_______ means addition to the existing production capacities.
__________ is inevitable for capital formation and economic growth.
Saving
The surplus of production over consumption is called
Capital formation
Current transfer
A __________ is a paper in instructing the bank to pay a specific amount from a person's account.
Loan
Demand deposit
Currency
When two goods between two persons at a time are exchanged without the use of money , it is called
Credit
Barter system
Demand
The word 'money' is derived from
Latin
Greek
French
Roman
Money includes
Coin
Cheques