Question # 1

According to Keynes people demand money for purposes .

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1

2

3

4

Pursching power of money during defiation is.

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Increased

Reduced

Constant

Fluctuating

Value of money means

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General purchasing power of money

Gold purchased by money

Demand for money

Importance of money

For the economy prices are beneficial

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Falling slowly

Rising slowly

Rising fast

Falling fast

Velocity of circulation of money means.

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Total demand for money

Annual increase in currency notes

Number of timesa unit of money changes hands

total supoly of money

The equation of exchange PT =MV was given by

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Fisher

Crowther

Kuznet

Keynes

Value of money and supply of money are related.

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Inversely

Directly

Govt.Law

Are not related

Banks discount it and adance loans.

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Draft

Bill of Exchange

pay order

Gold

When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.

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0.25

4

0.4

Billion Rupees

Value of money in pakistan in determined by

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Govt of Pakistan

General Price Level

State Bank Pakistan

Value of Dollar

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Icom Part 2 Principles of Economics Chapter 4 English Medium Online Test MCQs With Answers

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