Question

The present age is the age of money." Explain class 12 economics ​

Answer 1

Answer:

Well, YNAB's Age of Money tells you how long your dollars have been in your possession before you spend them. If your age of money is 14 days old, that means you're spending money you earned two weeks ago

Explanation:

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have a good day

Answer 2

Answer:

CHAPTER-5-Money

Q1

Solution:

Barter exchange is the term used to describe the business transactions that happen without the involvement of money. This term was coined for the pre-money era and is still used widely. Money is not required in these types of transactions, instead exchange of goods take place.

Q2

Solution:

Double coincidence of wants take the buyers and seller into Barter system. In this scenario co-incidently sellers wants to sell what buyer wants to buy (something with equal worth) and vice-versa.

Q3

Solution:

Following are the basic characteristics of money:

1. It should be durable, i.e. it should be acceptable, for example, the old style 1000 rupee note of Indian currency is no longer accepted.

2. It should be portable, i.e. easy to handle

3. Must not be easy to recreate illegally

4. Holding significant value is also the characteristic of money.

Q4

Solution: