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Questions and Answers
Which of the following is the central idea of the first part of the chapter?
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?
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?
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?
Which of the following areas is not covered in the chapter?
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What is the recommended approach to discussing the functions of money?
What is the recommended approach to discussing the functions of money?
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