Domestic services rendered by hired servants are a part of
Own account production of households
Consumption of hired servants
Production
Consumption
The issue of currency is undertaken on behalf of state by the
State bank of India
Reserve Bank of India
Canara Bank
Federal Bank
Money includes
Coin
Currency
Cheques
All the above
A __________ is a paper in instructing the bank to pay a specific amount from a person's account.
Loan
Demand deposit
Cheque
_____ 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
The surplus of production over consumption is called
Capital formation
Investment
Current transfer
Which of the following is not true regarding the in convenience of Barter Exchange?
Lacks of double coincidence of want
Absence of divisibility
Difficulty in storing wealth
Availability of money as a medium of exchange
What are the modern forms of money?
Plastic money
Demand deposits
___ is used as a standard for future payment.
Credit card
Debit card