The statement that Social commerce is defined as the use of social networking websites to promote and sell products and services is True.
<h3>What is Social commerce?</h3>
Social commerce can be regarded as convergence of e-commerce as well as social media.
Therefore, social commerce use social media platforms to sell products and services.
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Answer:
1. M1 and M2
2. M2
3. M2
Explanation:
M1 and M2 are the monetary aggregates.
M1 includes = Currency with the public + Demand deposits + Other deposits with the RBI
M1 is most liquefied among all of the monetary aggregates because it includes cash and other highly liquefied assets.
M2 includes = M1 + Post office savings deposits + non-institutional money market fund + small time deposits
1. The withdrawal from the bank reduces the M1 and we know that M1 is a component of M2, so M2 also falls. Therefore, this transaction belongs to both M1 and M2.
2. Certificate of deposits of $8,000 for a two year is a component of M2 monetary aggregates because small time deposits are a part of M2.
3. The amount of money as the non-institutional money market funds is a part of M2.
In general, the people who have the power to select or approve the supplier are referred to as the "buyers". Most of the time, buyers want to go with a supplier who can offer the best product at the cheapest price.
<span>unemployment rises; the price level falls</span>