MV stands for

(a)

demand for money

(b)

supply of legal tender money

(c)

Supply of bank money

(d)

Total supply of money

Inflation means

(a)

Prices are rising

(b)

Prices are falling

(c)

Value of money is increasing

(d)

Prices are remaining the same

__________inflation results in a serious depreciation of the value of money.

(a)

Creeping

(b)

Walking

(c)

running

(d)

Hyper

___________inflation occurs when general prices of commodities increases due to increase in production costs such as wages and raw materials.

(a)

Cost-push

(b)

demand pull

(c)

running

(d)

galloping

During inflation, who are the gainers?

(a)

Debtors

(b)

Creditors

(c)

Wage and salary earners

(d)

Government