Give appropriate terms for the following. 1. The total liability of t

1.	Give appropriate terms for the following. 1. The total liability of the monetary authority of India. 2. System of exchange of goods for goods. 3. My = K.T. 4. The proportion of the total deposits commercial banks keep as resources in RBI5. Revenue expenditure – Revenue Receipts on lays 6. Total expenditure – (Revenue receipt + Nondebt creating capital receipts)
Answer» 1. High powered money 2. Barter system 3. Transaction demand for money 4. Cash reserve ratio 5. Revenue deficit 6. Fiscal deficit

Give appropriate terms for the following. 1. The total liability of the monetary authority of India. 2. System of exchange of goods for goods. 3. My = K.T. 4. The proportion of the total deposits commercial banks keep as resources in RBI5. Revenue expenditure – Revenue Receipts on lays 6. Total expenditure – (Revenue receipt + Nondebt creating capital receipts)

Answer»

1. High powered money

2. Barter system

3. Transaction demand for money

4. Cash reserve ratio

5. Revenue deficit

6. Fiscal deficit