Advertisements
Advertisements
प्रश्न
Fill in the blank with appropriate alternatives given below
In the initial stage of development, __________ was used.
पर्याय
credit money
paper notes
metallic coins
commodity money
उत्तर
In the initial stage of development, commodity money was used.
Explanation:
Initially, human beings exchanged goods and services for other goods and services. In other words, commodity exchange or commodity money was more prevalent. Commodities like sea-shells, salt, gold or other precious commodities were used as money for the exchange of goods and services.
APPEARS IN
संबंधित प्रश्न
Answer the following question.
Explain the secondary functions of money.
Explain with reasons, whether you agree or disagree with the following statement
Money also performs certain contingent functions.
Give reasons or explain the following statements :
The difficulties of barter system are removed by money.
Write Short Note.
Secondary function of money
State with reason whether you agree or disagree with the following statement.
Anything can function as money.
State with reason whether you agree or disagree with the following statement.
Money performs various functions.
Distinguish between
Primary functions of money and Secondary functions of money.
Answer the following question.
Explain any two secondary functions of money.
