Question

5. What are the recent forms of money?​

Answer 1

Answer:

Rupees and coins are the recent forms of money in India.

Answer 2

Answer:

In the modern monetary systems, there are three forms of money in actual use: (i) Metallic Money, (ii) Paper Money, and (iii) Credit Money. The first two kinds of money are in the form of currency money and the last one is credit or bank money.