Money and Inflation

Economics · Chapter 13 · 3. Money and Banking

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Your path through this chapter

1
Visual lesson Beta
1. Part 1: Meaning, Kinds and Functions of Money18 slides
2. Part 2: Money Supply and Inflation18 slides
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Notes Beta
6 sections with key terms, formulas and exam tips.
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Flashcards Beta
30 cards for quick recall of key terms and facts.
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Practice
77 board-style questions with instant checks: Multiple choice 26, Short answer 21, Long answer 8, Assertion and reason 6.
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5
Chapter test Free
Short and long chapter tests in board pattern, with results and analysis.
- Chapter test (long) — Money and Inflation · 40 marks · 100 min
- Chapter test (short) — Money and Inflation · 20 marks · 50 min
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Meaning and kinds of money (commodity, metallic, paper, credit, legal tender, fiat, near money)
Functions of money: primary, secondary and contingent
Supply of money: meaning of M0, M1, M2, M3 and M4
Inflation: meaning; demand-pull and cost-push inflation