Convertible money means

Related MCQs

• According to the Quantity Theory of Money, the value of money depends upon
• Who stated, “Bad money drives good money out of circulation, when both of them are full legal tender”?
• Who stated, “Money is what money does”?
• Paper money is called fiat money because
• If the quantity of money increases 100%, other things remaining constant, value of money changes by
• Value of money and supply of money are related
• Value of money means
• The value of money in Fisher’s equation is determined by
• According to Cambridge equation, the value of money depends upon
• The degree of relationship between the demand for and the supply of money in Fisher’s equation will be