Question

Credit control
6.
7
Commercial bank
Vertical supply curve 5
Central bank
8
State whether the following statements are True or False:
Demand for luxurious goods is elastic.
Supply is indirectly related to price,
Under perfect competition products are not homogeneous.
Estimation of national income is possible with the help of money.
Commercial banks are the backbone of modern economy.
Central bank does not act as a lender of last resort for the commercial banks.
Define 'or' explain the following concepts (Any THREE):
Micro economics
Marginal cost​

Answer 1

Answer:

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Answer 2

Answer:

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