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प्रश्न
What is the gold standard?
उत्तर
Gold Standard is a system in which the value of the monetary unit or the standard currency is directly linked with gold. The monetary unit is defined in terms of a certain weight of gold. The purchasing power of a unit of money is maintained equal to the value of a fixed weight of gold.
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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:
Provision for making payments in future- ________
Identify and explain the concept from the given illustration:
Vasantsheth provides coal from his shop to farmers in exchange of food grains.
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 ______.
What is barter?
What is commodity money?
What is plastic money? Give example.
Explain the functions of money.
Explain why the purchasing power of money falls when the price level rises.
