Multiple Choice
Assertion (A) : Necessity led to the invention of money Reason(R) : Barter system failed to perform the major functions of money
A) (A) is true but (R) is false.
B) Both (A) and (R) are false
C) Both (A) and (R) are true and (R) is the correct explanation of (A)
D) Both (A) and (R) are true but (R) is not the correct explanation of (A)
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Match the following A B1. (i) Commodity
Q16: Which one of the following is an
Q17: Inflation is a situation where<br>A)Prices are falling<br>B)Value
Q18: In the Quantity Theory of Money Fischer
Q19: Cost - push inflation arises due to<br>A)Rise
Q20: The most liquid form of all assets
Q21: The marker structure in which number of
Q22: Which of the following is a form
Q23: Which of the following is a concept
Q24: In the case of paper currency<br>A)Intrinsic value