Define Money.
What is barter?
What is commodity money?
What is gold standard?
What is plastic money? Give example.
Answers
Explanation:
Zeros of denominator
Now, I will use the zeros to separate or partition the number line into intervals. The zeros of the numerator and denominator are also known as the critical numbers. In this case, the two critical numbers divide the number line into three distinct intervals.
Answer:
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.
In trade, barter is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money.
Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods.
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was widely used in the 19th and early part of the 20th century.
Plastic money is a term used to represent the hard plastic cards used in day to day life in place of actual banknotes. They come in several forms such as debit cards, credit cards, store cards and pre-paid cash cards.