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प्रश्न
Explain the meaning of 'Currency'.
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उत्तर
Any form of money that is approved by the government and used by the public for trading is known as currency. It can be soft money in the form of rupees or hard money in the form of coins. Every country has its own currency. For example, the currency of India is Rupees.
संबंधित प्रश्न
How does money act as a medium of exchange?
How do money and muscle power play an important role in elections? Explain.
Why one cannot refuse a payment made in rupees in India?
How does money solve the problem of double coincidence of wants? Explain with an example.
How is money used in everyday life? Explain with examples.
Explain with examples how people are involved with the banks.
In situations with high risks, credit might create further problems for the borrower. Explain.
How does money solve the problem of double coincidence of wants? Explain with an example of your own.
Analyse the role of credit for development.
How does the use of money make it easier to exchange things? Give an example.
