English

Bank money implies ______. - Economics

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Question

Bank money implies ______.

Options

  • currency

  • coins

  • demand deposits with bank

  • Vault cash in banks

MCQ
Fill in the Blanks

Solution

Bank money implies demand deposits with bank.

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Chapter 6: Meaning and Functions of Money - Exercise [Page 131]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 6 Meaning and Functions of Money
Exercise | Q 17. | Page 131
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