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There are five stages of the evolution of money. Which of the following order is correct?

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Question

There are five stages of the evolution of money. Which of the following order is correct?

Options

  • Bank, paper, metallic, commodity, animal

  • Paper, metallic, bank, commodity, animal

  • Animal, commodity, metallic, paper, bank

  • Animal, commodity, metallic, bank, paper

MCQ
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Solution

Animal, commodity, metallic, paper, bank

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Chapter 6: Meaning and Functions of Money - Exercise [Page 131]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 6 Meaning and Functions of Money
Exercise | Q 21. | Page 131
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