Question

What are the modern forms of money? How do they differ from the past form?​

Answer 1

Answer:

Question:

What are the modern forms of money? How do they differ from the past form?

Answer:

In the modern monetary systems, there are three forms of money in actual use: (i) Metallic Money, (ii) Paper Money, and (iii) Credit Money. The first two kinds of money are in the form of currency money and the last one is credit or bank mon

Explanation:

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Answer 2

Answer:

Modern forms of money are:

1. Currency-paper notes and coins. They are not made of precious things and are not of daily use. ...
2. Currency-paper notes and coins. They are not made of precious things and are not of daily use. ...Bank deposits are also a form of money. People can open bank accounts and make demand deposits.
3. Currency-paper notes and coins. They are not made of precious things and are not of daily use. ...Bank deposits are also a form of money. People can open bank accounts and make demand deposits.Cheques act as a medium of exchange possible through bank accounts.

Explanation:

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