Which of the following pair is/are correctly matched?

1. Money It can be defined as a generally acceptable medium that can be exchanged for goods and services, and can be used as a measure and store of value.

2. Barter It is a system of exchange in which goods and services are directly traded for other goods and services without the mediation of money.

3. Demand Deposit
Demand deposits are those deposits of the public in banks which are deposited for a fixed period.

4. Time Deposit Deposits in the banks can be withdrawn by drawing cheques on demand.

Select the correct answer using the code given below:

Question

1. Money	It can be defined as a generally acceptable medium that can be exchanged for goods and services, and can be used as a measure and store of value.
2. Barter	It is a system of exchange in which goods and services are directly traded for other goods and services without the mediation of money.
3. Demand Deposit	Demand deposits are those deposits of the public in banks which are deposited for a fixed period.
4. Time Deposit	Deposits in the banks can be withdrawn by drawing cheques on demand.