Types of Money

Identify and explain the concept from the given illustrations:

To prevent misuse/fraudulent use of the national currency, a note ban is imposed on its use at certain times.

Complete the correlation

_________ : Basis of Credit :: Secondary function of money : Standard of deferred payments.

Complete the correlation

Commodity money : Shells ::__________ : Credit card.

Complete the correlation

Divisibility : Smaller denominations :: __________ Easy to carry from one place to another

Suggest an economic term for the given statement:

Monetary value stored and transferred electronically by means of computer hard drive or servers - _________

Suggest an economic term for the given statement:

Credit instrument through which bank deposits are transferable - _________

Identify and explain the concept from the given illustration:

Charu used her debit card to purchase a shirt for her younger brother.

Identify and explain the concept from the given illustration:

Malathi purchased a house through an agent. The agent accepted the commission in cash but did not issue a receipt to her.