(A) M1

(B)M2

(C)M3

(D)M4

(A) Be legally accepted as a medium of exchange

(B)Be commonly accepted by the public as a medium of exchange

(C)Have a physical existence

(D)Be made out of or fully backed by a precious metal

(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) 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) Currency

(B)Plastic money

(C)Demand deposits

(D)All the above

(A) Circulating notes are fully backed by gold

(B)The authorities can easily manipulate the money supply

(C)Price stability is difficult to achieve

(D)The power of monetary policy is unlimited

(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) Businessman gain

(B)Wage earners gain

(C)Salaried people gain

(D)Rentiers gain

(A) Monetary policy rule

(B)Okun’s law

(C)Gresham’s law

(D)The paradox of thrift