Question

Answer the following question on
the basis of the following
information:
Ganesh travelled to the mallby
bus. He gave the conductor ₹ 10
coin for the ticket. He purchased
many commodities from the mall.
At the billing counter, he gave his
credit card for payment but the
billing clerk informed him that only
debit cards were accepted. Since
Ganesh had forgotten his debit
card at home, he offered to make
payment by cash.
1 ldentify tha types of money used in the information
2 Explain any two of them.
​

Answer 1

Explanation:

1. The four most relevant types of money are commodity money, fiat money, fiduciary money, and commercial bank money. Commodity money relies on intrinsically valuable commodities that act as a medium of exchange. Fiat money, on the other hand, gets its value from a government order.

Answer 2

Answer:

he used coins and credit card and cash

2. coins are easy to keep.easy to count

debit card is easy to keep and easy to pay