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Question
Match the following:
| Column I | Column II | ||
| A. | Currency | (i) | Something which is commonly used as medium of exchange |
| B. | Bank money | (ii) | Currency and demand deposits |
| C. | Money | (iii) | Bank demand deposits |
| D. | Modern form of money | (iv) | Paper notes + coins |
Solution
| Column I | Column II | ||
| A. | Currency | (iv) | Paper notes + coins |
| B. | Bank money | (iii) | Bank demand deposits |
| C. | Money | (i) | Something which is commonly used as medium of exchange |
| D. | Modern form of money | (ii) | Currency and demand deposits |
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