Category: Basic of Economics

Hard currency is defined as ?

A. Currency traded in foreign exchange market for which demand is persistently relative to the supply
B. Currency Which is used in times of war
C. Currency which loses its value very fast
D. None of these

Inflation is ?

A. Increase in the amount of circulating money
B. Lowering of purchasing power
C. Decrease in the amount of circulation money
D. None of the above