Q4 of 24 Page 246

Write brief answers:

How did Prof. Walker define money?


Professor Walker defined money as “Money is what Money does”, i.e. money is the function of its characteristics.


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2

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……………….. is inevitable for capital formation and economic growth.


 3

Match the following:

 4

Write brief answers:

Write briefly about the importance of money.


 4

Write brief answers:

Explain the barter system.