Question

explain the origin of currency
class 10, money and credit chapter ​

Answer 1

$\huge{hey Mate}$⭐

Overview

Explain Barter system; State the advantage of Barter system; State the inconveniences / difficulties of Barter system; Define the word money; State the different definitions of money; Explain the two most suitable definitions of money.; Describe the characteristics of money; Describe the characteristics of good money; Explain the evolution of money; Explain the stages in the evolution of money; Describe the modern forms of money; Explain commodity money; Discuss about metallic money; Discuss about paper money; Discuss classification and limitations of paper money; Discuss about bank money; Describe the kinds of money; Discuss the primary and secondary functions of money; Explain the importance of money; Discuss the qualities of good money; Explain the two important points about money supply; Describe modern forms of money.,Describe money as a medium of exchange; State the evils of Money; Explain the loan activities of bank; Explain the terms of credit; Give examples of how credit can be positive or negative to the borrower; Explain the working mechanism of cooperatives giving loans

Answer 2

The Origin Of Currency is in the earliest days of civilization, goods were exchanged for goods. Money in the beginning was in the form of commodities. In a later period, precious metals were used as Money. Because of the inherent difficulties of metallic money, paper money was evolved.