A saving account in a bank represents the function of money:

Related MCQs

• Saving is a function of
• In the saving function S = -a + 1-b(Y), the term ‘b’ denotes
• In the equation PY = MV showing quantity theory of money. Y represents:
• Velocity of circulation of money means the number of times a unit of money
• When the nation's money supply is Rs. 1200 billion and GDP is Rs. 4800 billion, velocity of circulation money is:
• If quantity of money increases 100%, other things remaining constant, value of money changes by:
• Value of money and supply of money are related:
• In classical theory the equality between saving and investment is brought about by:
• A student records her income and spending for past month, she uses the function of money
• In the equation MV = PY, V represents: