Question 1 distinguish betweena means of payment and medium, Ask an Expert

Economics

Question: 1. Distinguish between:

(a) means of payment and medium of exchange;

(b) inside money and outside money;

2. What is the distinction being made in the text between ‘descriptive' and ‘prescriptive' definitions of money?

3. Distinguish between ‘monitoring' and ‘targeting' in the context of money supply measures.

4. List the problems faced by the monetary authorities in preparing money supply statistics.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92322052

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