Money facts, true or false

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   Barter suffers from lack of double coincidence of wants.

2. Statement is true

   Yes

   Statement

   The RBI is the monetary authority of India.

3. Statement is true

   No

   Statement

   Fiat money has intrinsic value like a gold coin.

4. Statement is true

   Yes

   Statement

   SLR is kept in liquid form for the short term.

5. Statement is true

   No

   Statement

   Reverse repo injects money into the economy.

Instructions

Tap True or False for each statement.

Explanation