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प्रश्न
What is commodity money?
उत्तर
After the barter system and commodity money system, modem money systems evolved. Among these, the metallic standard is the premier one. , Under the metallic standard, some kind of metal either gold or silver is used to determine the standard value of the money and currency. Standard coins made out of metal are the principal coins used under the metallic standard. These standard coins are full-bodied or full-weighted legal tender. Their face value is equal to their intrinsic metal value.
APPEARS IN
संबंधित प्रश्न
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 ______.
The debit card is an example of ______.
What is barter?
What is the gold standard?
What is plastic money? Give example.
Explain the functions of money.
Explain why the purchasing power of money falls when the price level rises.
