Q1. Evaluate whether the following statements are true or false, justity the response in each Case. 1. Velocity of money is considered sensitive to variations in Interest rate in all theorles of money demand 2. If transaction cost of converting a non monetary asset into monetary asset increases, it would affect the money demand 3. Money market and bond market can be used interchangeably for making comparative static analysis and determination of equilibrium interest rate. Q1. Evaluate whether the following statements are true or false, justity the response in each Case. 1. Velocity of money is considered sensitive to variations in Interest rate in all theorles of money demand 2. If transaction cost of converting a non monetary asset into monetary asset increases, it would affect the money demand 3. Money market and bond market can be used interchangeably for making comparative static analysis and determination of equilibrium interest rate