Money
Study the evolution of money, its functions and role in the economy. Understand barter system limitations, money supply measures M1 M2 M3 M4, and the Keynesian demand for money motives. CBSE Class 12 Macroeconomics chapter with examples.
Topics(3)
1
Barter System
Meaning of barter exchange, the concept of double coincidence of wants, and limitations of the barter system.
1
2Money
Definition, functions (primary, secondary, contingent, dynamic), evolution, classification, and the monetary system in India.
1
3Money Supply and Demand
Meaning, features, components and measures of money supply (M1-M4), high powered money, and the three motives for demand for money.
1