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Money and Banking — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMoney and Banking1 Mark
Question
Money was evolved to remove the problems of barter exchange system. Find the correct sequence of evolution of money concepts:
  1. Paper money.
  2. Plastic money.
  3. Metallic money.
  4. Digital money.
Codes:
  1. 3, 1, 4, 2
  2. 1, 2, 3, 4
  3. 3, 4, 1, 2
  4. 3, 1, 2, 4
✓

Answer

  1. 3, 1, 2, 4

Explanation:

Evolution of money was started from the use of gold, silver and other metal coins, later on monetary authorities of countries issued official paper money (currency notes). Due to modernisation and computerisation debit and credit cards are being used as plastic money. Now, the use of money through electronic means is called digital money.

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