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The Evolution of Money
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The Evolution of Money

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Questions and Answers

Which of the following is the central idea of the first part of the chapter?

  • The functions of money
  • The creation of money
  • The history of money
  • The modern forms of money linked to the banking system (correct)

    • What is the purpose of discussing the history of money?

  • To explain the creation of money
  • To explore newer forms of money
  • To understand the social situation in which money was used (correct)
  • To discuss the functions of money

    • What is the present situation in India regarding newer forms of money?

  • Newer forms of money are not used in India
  • Newer forms of money are only used in formal discussions
  • Newer forms of money are widely accepted in India
  • Newer forms of money are spreading slowly with computerization of the banking system (correct)

    • Which of the following areas is not covered in the chapter?

    <p>The backing of the modern system</p> Signup and view all the answers

    What is the recommended approach to discussing the functions of money?

    <p>To let it come up as questions</p> Signup and view all the answers

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