Anything used as money must be:

Related MCQs

• Old age pension is “National Old Age Pension Schemes”, “Interest payments”, “Subsidies”, “Unemployment allowances”, “Welfare benefits to weaker sections, etc.” By incurring such expenditure, the government does not get anything in return, but it adds to the welfare of the people, especially belong to the weaker sections of the society. Such expenditure basically results in redistribution of money incomes within the society.
• 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:
• Which property the paper money does not possess:
• A saving account in a bank represents the function of money:
• A student records her income and spending for past month, she uses the function of money
• Which property paper money does NOT Possess?
• Which is the characteristic of a good money: