Question # 1

They are NOT much affected by rising prices.

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Salaried persons

Business

Debtors

Importers

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

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

Pursching power of money during defiation is.

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Increased

Reduced

Constant

Fluctuating

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

Which One is equation of exchange.

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PT = MV

PV = MT

PM = TV

None

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

Value of money means

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General purchasing power of money

Gold purchased by money

Demand for money

Importance of money

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

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100%

negative

Less than 10

Zero

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

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