Question

explain about modern forms of money​

Answer 1

Answer:

In a modern monetary system there are three forms of money in actual use

1) metallic money - It refers to coins made out of various metal like gold , silver, bronze etc

2) paper money - It consists of currency notes is issued by the state treasury or central bank of the country

3) credit money - In modern economic society, with the development of banking activities, along with paper money, another forms of money has developed in the form of credit money or bank money

Explanation:

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