Out of the Various Types of M1 (Demand Deposits,coins and Bank

question 25

Multiple Choice

Out of the various types of M1 (demand deposits,coins and bank notes) ,only demand deposits

• A) can be used to generate loans by banks.
• B) serve as a medium of exchange.
• C) serve as a unit of account.
• D) store value.

---

Definitions:

Attention Span

The duration for which a person is able to concentrate on a particular task or activity without getting distracted.

Intimacy Versus Isolation

A stage in Erik Erikson's theory of psychosocial development where the challenge is to develop close, committed relationships with others.

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.

Early Adulthood

A stage of human development typically ranging from the late teens through the twenties, characterized by physical maturity and the pursuit of independence and identity.