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प्रश्न
Explain the meaning of 'Currency'.
उत्तर
Any form of money that is approved by the government and used by the public for trading is known as currency. It can be soft money in the form of rupees or hard money in the form of coins. Every country has its own currency. For example, the currency of India is Rupees.
संबंधित प्रश्न
How does money act as a medium of exchange?
How do money and muscle power play an important role in elections? Explain.
How do the deposits with banks become their source of income?
How can money easily exchange it for goods or services? Give example to explain.
Why one cannot refuse a payment made in rupees in India?
What is the meaning of 'barter system'?
Explain with examples how people are involved with the banks.
How does money solve the problem of double coincidence of wants? Explain with an example of your own.
Analyse the role of credit for development.
How does the use of money make it easier to exchange things? Give an example.
