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Question
Suggest an economic term for the given statement:
A system that makes use of currency for facilitating payments - _________
Solution
A system that makes use of currency for facilitating payments - Monetary system
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RELATED QUESTIONS
Define money.
Choose the correct option:
Arrange in the order of evolution of money
- Metallic money
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- Metallic coins
- Commodity money
Choose the correct option:
Arrange in the order of evolution of money
- Plastic money
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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- ________
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 ______.
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The debit card is an example of ______.
What is barter?
What is commodity money?
What is the gold standard?
What is plastic money? Give example.
Write a note on metallic money.
Explain the functions of money.
Explain why the purchasing power of money falls when the price level rises.
