Which of the following is a valid currency______________?
Correct answer: B. Currency note
- A. Promissory note
- B. Currency note
- C. Exchange rate
- D. Bank cheque
Explanation
A currency note is legal tender issued as money for transactions. A promissory note and cheque are credit instruments, while an exchange rate is the price of one currency in terms of another.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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