NCERT Solutions for Class 12 Macro Economics Money

NCERT Solutions for Class 12 Macro Economics Money

NCERT Solutions for Class 12 Macro Economics Money is designed and prepared by the best teachers across India. All the important topics are covered in the exercises and each answer comes with a detailed explanation to help students understand concepts better. These NCERT solutions play a crucial role in your preparation for all exams conducted by the CBSE, including the JEE.

NCERT TEXTBOOK QUESTIONS SOLVED

Ans. Barter system of exchange is a system in which goods are exchanged for goods.

Ans. Double coincidence of wants means that goods in possession of two different persons must be useful and needed by each other.

Ans. Money is something which is generally acceptable as a medium of exchange and can be converted into other assets without loosing its time and value.

Ans. Durability and weight.

Ans. Legally, money is anything proclaimed by law as a medium of exchange. Paper notes and coins (together called currency) is money as a matter of law.

Ans. The stock of money held by the public at a point of time, in an economy, is referred to as the money supply. Money supply is a stock concept.

Ans. M3(currency notes and coins with public + demand deposits of commercial and co-operative banks + other deposits with RBI), Time deposits of all commercial and co-operative banks.

Ans. Currency notes and coins with public + demand deposits with the banks.

Ans. Demand deposits are those deposit which can be withdrawn by the depositor at any time by means of cheque. No interest is paid on such deposits.

Ans. Time deposits are the deposits which can not be withdrawn before the expiry of the stipulated time for which deposits are made. Fixed deposit is an example of time deposit.

Ans. Coins and currency notes with public.
Demand deposits with banks.

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