Question # 1

Under normal circumstances the velocity of circulation of money in a contry is.

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100%

negative

Less than 10

Zero

Value of circulation money means by number of times a unit of money

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Change hands daily

Change hand annually

change hands montly

Change purchacing power

According to keynes demand for money is affected by

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Income

Rate of intest

Literacy rate

a and b of above

Drung inflation

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Lenders lose borrowers gain

Borrowers and lenders both ose

Borrows lose lenders gain

All sections of the society gain

They are NOT much affected by rising prices.

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Salaried persons

Business

Debtors

Importers

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

If we put this letter in the blank space we get quantity theory of money PY =M

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S

T

V

A

For the economy prices are beneficial

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Falling slowly

Rising slowly

Rising fast

Falling fast

Pursching power of money during defiation is.

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Increased

Reduced

Constant

Fluctuating

The quantity demanded of money rises.

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As the intrest rate falls

As the intrest rate rises

As the supply of money falls

As the number of banks rises

Banks discount it and adance loans.

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Draft

Bill of Exchange

pay order

Gold

Which One is equation of exchange.

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PT = MV

PV = MT

PM = TV

None

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

Value of money in pakistan in determined by

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Govt of Pakistan

General Price Level

State Bank Pakistan

Value of Dollar

Value of money and supply of money are related.

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Inversely

Directly

Govt.Law

Are not related

The equation of exchange PT =MV was given by

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Fisher

Crowther

Kuznet

Keynes

It is assumption of quantity theory of money

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Velocity of circulation of money constant

Affects only industrial sector

Makes distribution of national income better

Has no effect on distribution of income

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