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प्रश्न
Write Short Note.
Commodity money
उत्तर
Any commodity chosen to serve as money is called commodity money. For example - if a person having surplus wheat wants milk, he/she can exchange wheat with a person who has milk and who needs wheat at the same time. Thus, from the example it can be inferred that wheat and milk are commodity money.
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संबंधित प्रश्न
Convertible paper money and Inconvertible paper money.
Cheque is an optional money.
Convertible paper money and Inconvertible paper money.
Distinguish between Legal tender money and Non-legal tender money.
Distinguish between the following :
Paper money and Metallic coins.
Distinguish between the following.
Metallic Money Paper Money.
(b) current account
(c) recurring account
(d) fixed deposit account
Distinguish between :
Current deposits and Fixed deposits.
Distinguish between Any FOUR of the following :
Metallic money and Paper money.
Answer in brief.
Explain the definitions of Money.
Answer the following question
What are the different types of money?
Distinguish between -
Commodity money and metallic money
Distinguish between
Paper money and metallic coins
Give reason or explain.
Any commodity cannot act as money.
