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प्रश्न
Identify and explain the concept from the given illustration:
Vasantsheth provides coal from his shop to farmers in exchange of food grains.
उत्तर
- Identified concept: Barter system.
- Explanation of concept: It refers to the exchange of goods for goods. A barter exchange is a type of exchange in Which goods and services are exchanged for goods and services. Vasantsheth exchanges coal (One good) for food grains (another good) from farmers. Hence, the given illustration relates to the barter system.
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संबंधित प्रश्न
Define money.
Choose the correct option:
Arrange in the order of evolution of money
- Metallic money
- Animal money
- Metallic coins
- Commodity money
Choose the correct option:
Arrange in the order of evolution of money
- Plastic money
- Paper money
- Electronic money
- Credit money
Complete the correlation
Barter system : Goods :: Modern economy :________
Suggest an economic term for the given statement:
The act of exchanging goods for goods - _________
Suggest an economic term for the given statement:
Provision for making payments in future- ________
Suggest an economic term for the given statement:
A system that makes use of currency for facilitating payments - _________
State with reason whether you Agree or Disagree with the following statement:
There are no difficulties in the barter system.
State with reason whether you Agree or Disagree with the following statement:
There are many good qualities founds in modern currency.
Money is ______.
The paper currency system is managed by the ______.
“Money can be anything that is generally accepted as a means of exchange and that the same time acts as a measure and a store of value”, This definition was given by ______.
The debit card is an example of ______.
What is barter?
What is commodity money?
What is the gold standard?
What is plastic money? Give example.
Write a note on metallic money.
Explain the functions of money.
Explain why the purchasing power of money falls when the price level rises.
