Question

what are types of money ?

chapter - money and credit
class 10 ​

Answer 1

Answer:

The Four Different Types of Money

1. Commodity Money.
2. Commodity money is the simplest and, most likely, the oldest type of money. ...
3. Fiat Money. Fiat money gets its value from a government order (i.e., fiat). ...
4. Fiduciary Money. ...
5. Commercial Bank Money. ...
6. In a Nutshell.

HOPE MY ANSWER IS HELPFUL TO YOU

Answer 2

Answer:

Hey there,

Here is your answer:

MODERN FORMS OF MONEY:

1. We have seen that money is something that can act as a medium of exchange in transactions.

2. Before the introduction of coins, a variety of objects was used as money.

3. For example, since the very early ages, Indians used grains and cattle as money.

Currency:

1. Modern forms of money include currency – paper notes and coins.

2. Money is accepted as a medium of exchange because the currency is authorized by the government of the country.

3. In India, the Reserve Bank of India issues currency notes on behalf of the central government.

4. As per Indian law, no other individual or organization is allowed to issue currency.

5. No individual in India can legally refuse a payment made in rupees.

Explanation:

PLEASE MARK MY ANSWER AS BRAINLIEST....

IT'S A HUMBLE REQUEST.....