1.If a two percent drop in price leads to an increase in demand, demand is considered inelastic
2.When cheques are not accepted as payment at every store, people prefer to carry cash.
3.The distribution of currency per capita in our country is uneven, with the majority belonging to a smaller percentage of the population.
4.It is believed that the basic principle of sales is to get the maximum income, while consumer preferences are another important factor.
5.If the price level increases, the value of money decreases
6.Money has a number of functions, and the medium of exchange is the main function.
7. If national income falls, the total number of transactions in the national currency usually falls too.
