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Questions and Answers
What is the central idea of the first part of the chapter?
What is the central idea of the first part of the chapter?
- The history of money and its various forms
- The social situation in which different forms of money were used
- The modern forms of money and their link to the banking system (correct)
- The functions of money and its role in the banking system
What constitutes the stock of money according to the chapter?
What constitutes the stock of money according to the chapter?
- Currency held by the public and demand deposits held by the banks (correct)
- Currency held by the government and demand deposits held by the public
- Demand deposits held by the government and currency held by the public
- Demand deposits held by the public and currency held by the banks
What event in India during November 2016 relates to invalidation and replacement of currency notes?
What event in India during November 2016 relates to invalidation and replacement of currency notes?
- Increase in the denomination of currency notes
- Reduction in the circulation of coins
- Declaration of Rs. 500 and Rs. 1,000 as invalid currency notes (correct)
- Introduction of new forms of electronic money
What was the purpose of allowing students to explore the modern forms of money spreading with computerization of the banking system?
What was the purpose of allowing students to explore the modern forms of money spreading with computerization of the banking system?
What aspect is not covered in the chapter, but may be discussed if desired?
What aspect is not covered in the chapter, but may be discussed if desired?
What is the central idea of the first part of the chapter?
What is the central idea of the first part of the chapter?
What does the stock of money consist of, according to the chapter?
What does the stock of money consist of, according to the chapter?
What aspect is not covered in the chapter but may be discussed if desired?
What aspect is not covered in the chapter but may be discussed if desired?
What was the event in India during November 2016 related to invalidation and replacement of currency notes?
What was the event in India during November 2016 related to invalidation and replacement of currency notes?
What is the purpose of allowing students to explore the modern forms of money spreading with computerization of the banking system?
What is the purpose of allowing students to explore the modern forms of money spreading with computerization of the banking system?
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