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Why were coins of low value printed in large quantities? - Social Science

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प्रश्न

Why were coins of low value printed in large quantities?

टीपा लिहा

उत्तर

  1. There were insufficient reserves of gold and silver.
  2. Mines also had a limited reserve of these metals.
  3. An alternative was found and coins were made using metals with lesser value.
  4. These were used to buy and sell goods of lesser value.
  5. It was used as the money of the poor people.
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पाठ 4.03: Money and Credit - Exercises [पृष्ठ ३०६]

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सामाचीर कलवी Social Science [English] Class 9 TN Board
पाठ 4.03 Money and Credit
Exercises | Q IV. 6 | पृष्ठ ३०६
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