state with reasons whether the following statements are true or false - (a) double coincidence of wants is - Economics - Money and Banking

Question

state with reasons whether the following statements are true or
false -
(a) double coincidence of wants is an essential requirement of
exchange
(b) In order to determine the aggregate monetary resources of a
country, M4 as a measure of money supply is used
(c)the money held with the public does not include money held by
government on banking system

Komal Rani · Accepted Answer

Dear student a True as in order to exchange double coincidence of
want is essential so that buyer and seller can be satisfied b False
because in order to determine the aggregate monetary resources not
only M4 is used but also M1 , M2 and M3 are also used c True Money
with public does not include cash in hand with banks Regards