The value of a commodity expressed in terms of money is known as -

Related MCQs

• If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is -
• "Bad money will drive out good money from circulation." This is known as :
• "he national income consists of a collection of goods and services reduced to common basis by being measured in terms of money,"— Who says this?
• The production of a commodity in which a higher proportion of capital is used is known as
• If he Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should -
• The accumulation of idle money balances or inactive money is called:
• The reduction in value of an asset as reduction in the value of currency is known as:
• The relationship between the value of money and the price level in an economy is -
• By value of money is meant?
• The demand for which of the following commodity will not rise in spite of a fall in its price?