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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?
Why is modern currency accepted as a medium of exchange without any use of its own? Find out the reason.
Which one of the following refers to investment?
(A) The money spent on religious ceremonies
(B) The money spent on social customs
(C) The money spent to buy assets such as land
(D) The money spent on household goods
How do the deposits with banks become their source of income?
Describe the vital and positive role of credit with examples.
Which one of the following is the appropriate meaning of collateral?
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.
In situations with high risks, credit might create further problems for the borrower. Explain.
Analyse the role of credit for development.
