Correct option is A
The correct combination is: (A). A-IV, B-II, C-III, D-I
match them correctly:
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Here’s the explanation for each pair:
- Nominal GDP: This is GDP evaluated at current market prices.
- Real GDP: This is GDP evaluated at constant prices.
- Fiat money: This is money with no intrinsic value.
- Narrow money: This refers to currency notes, coins, and demand deposits held by the public in commercial banks.