Civil Services Uttarakhand Combined State Civil/Upper Subordinate Services Examination 2025 General Knowledge Economy Money and Banking
Which of the following statements about money is incorrect?
1
The velocity of money is always directly proportional to GDP.
2
The barter system was inefficient due to the problem of double coincidence of wants.
3
Cheques are considered credit instruments and not legal tenders.
4
Helicopter money refers to an expansionary policy involving direct money distribution.