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प्रश्न
______ implies demand deposits with banks.
विकल्प
Paper money
Bank money
Near money
None of these
उत्तर
Bank money implies demand deposits with banks.
Explanation:
Bank money refers to demand deposits with banks. These are funds that can be withdrawn by the account holder at any time and are commonly used for transactions, functioning as money in modern economies.
संबंधित प्रश्न
Complete the correlation
_________ : Basis of Credit :: Secondary function of money : Standard of deferred payments.
Complete the correlation
Commodity money : Shells ::__________ : Credit card.
Complete the correlation
Divisibility : Smaller denominations :: __________ Easy to carry from one place to another
Suggest an economic term for the given statement:
Credit instrument through which bank deposits are transferable - _________
Suggest an economic term for the given statement:
Monetary value stored and transferred electronically by means of computer hard drive or servers - _________
Suggest an economic term for the given statement:
Money not accounted for in the bank and not disclosed to the government -________
Identify and explain the concept from the given illustration:
Babanrao deposits his money in a nationalized bank.
Identify and explain the concept from the given illustrations:
To prevent misuse/fraudulent use of the national currency, a note ban is imposed on its use at certain times.
Answer the following question on the basis of the following information:
Ganesh travelled to the mall by bus. He gave the conductor ₹ 10 coins for the ticket. He purchased many commodities from the mall.
At the billing counter, he gave his credit card for payment but the billing clerk informed him that only debit cards were accepted. Since Ganesh had forgotten his debit card at home, he offered to make payment in cash.
1) Identify the types of money used in the information.
2) Explain any two of them.
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Demand deposits with Commercial banks cannot act as money.
Reason (R): Bank money refers to bank demand deposits.
