State whether the following statements are true or false :
(1) Concept of ‘elasticity of demand’ is useful for the finance minister.
(2) Supply of perishable goods is inelastic.
(3) Under perfect competition price is determined by equilibrium of demand and supply.
(4) Token coins are such coins whose face value is greater than their intrinsic value.
(5) Credit control is the function of commercial banks.
(6) Central bank also performs commercial banking business.
