Income earned by Malaysian working abroad will be included in GNP.

Monetary policy refers to government policy concerning taxes and expenditure.

A deep and prolonged recession is called a depression.

Before the evaluation of money, barter trade was practiced.

Money requires a double coincidence of wants.

Money can be used as a measure of value or wealth.

The functions of Central bank is to accept deposits and to provide loans to the public.

Non-banking financial institutions consist of finance companies, merchant banks and discount houses.

Ringgit Malaysia is underpinned by physical gold.