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Tamil Nadu Board of Secondary EducationSSLC (English Medium) Class 9

What is natural money? - Social Science

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Question

What is natural money?

Short Note

Solution

  1. The metals such as silver and gold gained importance gradually all over the world.
  2. So, these metals were used as the standard value in the exchange of goods.
  3. This was called natural money.
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Natural Money
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Chapter 4.03: Money and Credit - Exercises [Page 306]

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Samacheer Kalvi Social Science [English] Class 9 TN Board
Chapter 4.03 Money and Credit
Exercises | Q IV. 5 | Page 306
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