(A) A condition easily satisfied in a direct exchange economy

(B)A condition not easily satisfied in barter

(C)A desirable property of money

(D)A function of money

(A) Two people want the same thing at the same time

(B)One person wants to but two different things at the same time

(C)The individual who has what I want, also wants what I have

(D)All the above

(A) Gold standard and silver standard

(B)Bimetallism and trimetallism

(C)Monometallism and bimetallism

(D)Commodity standard and paper-money standard

(A) In the absence of a double coincidence of wants

(B)When many different product are available in the economy when money is relatively available to establish relative prices

(C)When money is relatively available to establish relative prices

(D)When each trader has what the other wants and wants what the other has

(A) Narrow

(B)Broad

(C)Liquid

(D)Least liquid

(A) Currency held in and outside the banks plus notice deposits at chartered banks

(B)Currency in circulation plus demand deposits at chartered banks

(C)Currency held in and outside the banks plus demand deposits at chartered banks

(D)Currency in circulation plus demand deposits at chartered banks and near banks

(A) The gold standard

(B)Bimetallism

(C)Commodity standards

(D)Fiat-money standards

(A) It be issued by the government

(B)It be backed by a precious metal

(C)The supply of it be unlimited and uncontrolled

(D)People accept it as money

(A) It reduces purchasing power of money

(B) It favours lenders and penalizes borrowers

(C)It redistributes income in favour of variable income earners

(D)It decreases social welfare

(A) Deflation

(B)Inflation

(C)Stable prices

(D)Unemployment