Macroeconomics | Money | Class 12 | chapter 5 | One Shot

Macroeconomics | Money | Class 12 | chapter 5 | One Shot

[anshuman-]

00:02 Money plays a crucial role in any economy.
02:29 Barter system faced problems due to double coincidence of wants.
04:30 Value of goods was determined by demand and supply
06:25 Money serves as a medium of exchange, measure of value, and store of value.
08:38 Money serves as a medium of exchange, measure of value, store of value, and standard of deferred payments.
10:44 Money supply refers to the total volume of money held by the public at a specific point in the economy.
13:06 M1 includes currency, coins, and demand deposits.
15:02 Explanation of demand deposits and term deposits
17:08 Understanding money, barter system, and money supply components
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[S_a_k_u_r_a]

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[SatyamGupta-px]

Limitation -
Lack of double coincidence of wants

Lack of common measures of values

Lack of standard of deferred payment

Lack of store of values

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[gargeeprakash]

Dear Rajat Sir,

I hope this message finds you well. With exams approaching in two days, could you kindly advise whether I should refer to the GNG series or the One Shot playlist for the chapters on Government Budget, Forex, and Balance of Payment?

Your videos have been immensely helpful since Class 11, providing clear and comprehensive explanations.

Thank you for your guidance and support.
Regards

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[Aditi-duen]

Sir but why does other deposits with RBI comes in M1? Money supply only includes deposits held by public as per you said.