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Economics Ch3 Money and Credit — Social Science STD 9 — Question

Tamilnadu BoardEnglish MediumSTD 9Social ScienceEconomics Ch3 Money and Credit2 Marks
Question
What is natural money?
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Answer

  1. The metals such as silver and gold gained importance gradually all over the world.
  2. So, these metals were used as the standard value in the exchange of goods.
  3. This was called natural money.

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