Money and Credit: History and Modern Forms

The link between modern forms of money and the banking system (correct)

The history of money and its various forms

The purpose of capturing the element of money for students

The social situation in which different forms of money were used

Foreign currency reserves held by commercial banks

Gold reserves held by the central bank

Currency held by the government

Currency held by the public and their bank deposits (correct)

Decrease in the use of modern forms of money

Replacement of the old currency notes with new ones (correct)

Smooth functioning of the banking system

Increase in the value of the invalid currency notes

<p>Exploration of new forms of money</p> Signup and view all the answers

<p>Creation of money (money multiplier)</p> Signup and view all the answers