Question

Modern Currency includes gold coins?
True/False​

Answer 1

Answer:

Question:-

Modern Currency includes gold coins?

True/False?

SOLUTION:-

FALSE✓

Because it would be useless to Trade gold coins for the economy.. and The Gold Coins wont be able to Match phase as the Currency is used as Paper and can be used normally, but if we use Gold as our currency then we will soon run out of gold, which is a PRECIOUS METAL..

$\mathcal{BE \: BRAINLY}$

Answer 2

The answer is false.

• Modern currency refers to the modern means of trading by which we can buy and sell commodities. It consists of paper notes and coins, which can be used as money.

• Gold coins are not in use anymore. They can be found in earlier ages when Kings and Queens ruled on our lands. They issued gold, silver, and copper coins with their postage stamp on the coins. They have now become antiques.

• The present-day transactions are either done through notes or coins or by digital means by using online paying platforms. Money can be stored in the form of gold bars, but they cannot be used for transactions.

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