(i) Increase in Money Supply.
(ii) Increase in Disposable Income
(iii) Increase in Public expenditure

(i) Both inflation and deflations are evils of the economy.
(ii) Understanding about inflation and deflation are essential.

(i) The symbol of Indian rupee came into use on 15^th July, 2010.
(ii) India is the 5^th Country to accept a unique currency symbol.

(i) Money is the most liquid form of capital. 
(ii) In other words, capital in the form of money can be put to any use.

Money facilitates the distribution of income asrent, wage, interest and profit.

(i) Medium of exchange
(ii) Store of value
(iii) Measure of value
(iv) Standard of deferred payment

M₁ and M₂ are narrow money as they includes currency plus demand deposits in banks and other deposits.

(i) The economic activity in a capitalist economy will have its periodic ups and down.
(ii) The study of these ups and downs is called the study of Business cycle or Trade cycl or Industrial Fluctuation.

(i) Creeping inflation is slow moving and very mild the rise in prices will not be perceptible but spread over a long period
(ii) This is also known as mild inflation of moderate inflation.

Money is anything that is generally accepted as payment for goods and services and repayment of debts and that serves as a medium of exchanges.

The silver standard is a monetary system in which the standard economic unit of account is a fixed weight of silver.

(i) Creeping inflation is slow-moving and very mild.
(ii) The rise in prices will not be perceptible but spread over a long period.
(iii) This is also known as mild inflation or moderate inflation.

Wage-price spiral is used to explain the cause and effect relationship between rising wages andsrising prices or inflation

PT = MV + MlVl
\(P=\cfrac { { MV1 }+{ MV 1} }{ T } \)

(i) Primary functions
(ii) Secondary functions
(iii) Contingent functions
(iv) Other functions