Tamil Nadu Board of Secondary EducationSSLC (English Medium) Class 9th
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What is natural money? - Social Science

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Short Note

What is natural money?

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Solution

  1. The metals such as silver and gold gained importance gradually all over the world.
  2. So, these metals were used as the standard value in the exchange of goods.
  3. This was called natural money.
Concept: Natural Money
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APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 9th Social Science Answers Guide
Chapter 4.03 Money and Credit
Exercise | Q IV. 5 | Page 306
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