Q1. Describe the functions of money.
Q2. Illustrate the meaning of High Powered money?
Q3. ATM card raises the velocity of money. True or false. Validate.
Q4. Differentiate between the ex-ante and ex-post real interest rate.
Q5. Illustrate the meaning of seignorage?
Q6. If inflation rate increases from 6 to 8 percent then what happens to the real and nominal interest rate according to the Fischer effect?
Q7. Illustrate the meaning of Fischer effect?
Q8. Describe the opportunity cost of holding the money.