Advertisements
Advertisements
Question
“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 ______.
Options
Crowther
A.C.Pigou
F.A.Walker
Francis Baco
Solution
“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 Crowther.
APPEARS IN
RELATED QUESTIONS
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
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 - _________
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 debit card is an example of ______.
What is commodity money?
What is plastic money? Give example.
Write a note on metallic money.
Explain why the purchasing power of money falls when the price level rises.
