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Chapters
2: Consumer's Behavior
3: Demand Analysis
4: Elasticity of Demand
5: Producer's Behaviour
6: Forms of Market and Price Determination Under Perfect Competition
7: Factors of Production
8: Introduction to Macro Economics
9: National Income
10: Determinants of Aggregates
▶ 11: Money
12: Commercial Banking
13: Central Banking
14: Public Economics
![Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 11 - Money - Shaalaa.com](/images/economics-english-12-standard-hsc_6:5f2b1b2038084cf381bfa42c826a928c.jpg "Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 11 - Money")
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Solutions for Chapter 11: Money
Below listed, you can find solutions for Chapter 11 of Maharashtra State Board Micheal Vaz for Economics [English] 12 Standard HSC.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 11 Money Exercise 1 [Page 101]
Fill in the blank with appropriate alternatives given below
Medium of exchange is __________ function of money.
primary
secondary
contingent
additional
Fill in the blank with appropriate alternatives given below
In the case of __________ coins, intrinsic value is less than their face value.
token
full bodied
representative
standard
Fill in the blank with appropriate alternatives given below
The most liquid asset is __________.
cheque
money
shares
debentures
Fill in the blank with appropriate alternatives given below
Introduction of __________ removed difficulties of barter.
metals
bank
money
shares
Fill in the blank with appropriate alternatives given below
In the initial stage of development, __________ was used.
credit money
paper notes
metallic coins
commodity money
Match the following:
| Group A | Group B |
| 1. Near Money | a. Sea Shells |
| 2. Secondary function of money | b. Double coincidence of wants |
| 3. Commodity Money | c. Fiat money |
| 4. Barter | d. Measure of value |
| 5. Legal tender | e. Bills of exchange |
| f. Standard of deferred payments | |
| g. Metallic money |
State whether the following statement is true or false.
Metallic coins are easily portable than paper notes.
True
False
State whether the following statement is true or false.
Token coins are coins whose face value is greater than their intrinsic value.
True
False
State whether the following statement is true or false.
Money facilitates estimation of national income.
True
False
State whether the following statement is true or false.
A cheque is a fiat money.
True
False
State whether the following statement is true or false.
Money increases productivity of capital.
True
False
Micheal Vaz solutions for Economics [English] 12 Standard HSC 11 Money Exercise 2 [Page 101]
Define or explain following concept:
Barter system
Define or explain following concept:
Double coincidence of wants
Define or explain following concept:
Money
Define or explain following concept:
Near money
Define or explain following concept:
Limited legal tender
Give reason or explain.
Money works as a store of value.
Give reason or explain.
Any commodity cannot act as money.
Give reason or explain.
Barter System had many difficulties.
Give reason or explain.
Money is the basis of credit.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 11 Money Exercise 3 [Pages 101 - 102]
Distinguish between -
Commodity money and metallic money
Distinguish between
Paper money and metallic coins
Distinguish between
Full bodied money and token coins
Distinguish between
Primary functions of money and Secondary functions of money.
Distinguish between
Convertible paper money and inconvertible paper money
Write Short Note.
Commodity money
Write Short Note.
Secondary function of money
Write Short Note.
Qualities of good money
Micheal Vaz solutions for Economics [English] 12 Standard HSC 11 Money Exercise 4 [Page 102]
Answer the following question
What are the contingent functions of money?
Answer the following question
What are the different types of money?
Micheal Vaz solutions for Economics [English] 12 Standard HSC 11 Money Exercise 5 [Page 102]
State with reason whether you agree or disagree with the following statement.
Barter System did not have any difficulty.
State with reason whether you agree or disagree with the following statement.
Anything can function as money.
State with reason whether you agree or disagree with the following statement.
Money performs various functions.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 11 Money Exercise 6 [Page 102]
Answer in detail -
Explain primary, secondary and contingent functions of money.
Solutions for 11: Money
Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 11 - Money
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Concepts covered in Economics [English] 12 Standard HSC chapter 11 Money are Meaning of Money, Type of Money, Primary Function, Secondary Functions, Standard of Deferred Payment, Standard of Transfer Payment, Money - Store of Value, Concept of Barter Exchange, Difficulties Involved in the Barter Exchange, Monetary Payments, Concept of Good Money.
Using Micheal Vaz Economics [English] 12 Standard HSC solutions Money exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in Micheal Vaz Solutions are essential questions that can be asked in the final exam. Maximum Maharashtra State Board Economics [English] 12 Standard HSC students prefer Micheal Vaz Textbook Solutions to score more in exams.
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