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प्रश्न
What is a barter system?
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उत्तर
A barter system is a system that was used in ancient times to exchange goods. In other words, this system was used to exchange one commodity for another before the monetary system came into existence. For example, if a person having rice wants tea, then he can exchange rice with a person who has tea and needs rice. The economy having the barter system was called the ‘C-C economy’, i.e., a commodity is exchanged for a commodity.
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संबंधित प्रश्न
Explain the ‘unit of accounts’ function of money. How has it solved the related problem created by barter?
What are the main functions of money?
Explain primary, secondary and contingent functions of money.
Money is a medium of ______.
Money on wings indicates ______.
Identify the correctly matched pair of items in Column A to that of Column B.
| Column A | Column B | ||
| 1. | supply of money | a | Money in circulation at a point |
| 2. | Stock of Money | b | Supply of money considered over a period |
| 3. | Flow of Money | c | Money held by Public and the Bank today |
| 4. | Reserve Money | d | Supply of money studied at a point of time |
‘Money is an asset which can be stored for use in future.
In the light of given statement, identify the function of money.
Which function of money makes it possible to save now and spend later for future needs?
Why is money called the most liquid asset?
Which major problem of the barter system is solved directly by using money?
When all goods have their prices written in rupees, money is acting as ______.
Which function of money allows a person in one city to send value to a person in another city?
Why is money called the most liquid asset?
The total income of a country expressed in money terms represents which function of money?
Banks use public deposits of money to create loans. Here money is mainly acting as ______.
Who is known for classifying the functions of money into primary, secondary, and contingent functions?
Which function of money is also called Unit of Account?
Store of Value means a store of wealth or what for future use?
Store of Value is also called which function of money?
For Maximisation of Profit / Employment of Factors, money helps producers decide what?
