Economic (M.Sc)

Q: Which one of the following approaches to the definition of money gives the widest possible view of money ?

(a) :  Central bank approach
(b) :  Conventional approach
(c) :  Chicago approach
(d) :  Gurley Shaw approach
(e) :  None of the Above
Answer:  Central bank approach
Explanation:  

Q: Foreign trade has the advantage:

(a) :  Trading countries get foreign exchange
(b) :  Can import scarce raw materials
(c) :  Can import machinery and technology
(d) :  (b) and (c) of above
(e) :  None of the Above
Answer:  (b) and (c) of above
Explanation:  

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