Download App

Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 3 : Money and Credit1 Mark
Question
Why is modern currency accepted as a medium of exchange?
✓

Answer

It is accepted as a medium of exchange because the currency is authorised by the government of the country.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Question(1 Marks)" from Unit 4 Ch 3 : Money and Credit→Unit 4 Ch 3 : Money and Credit — all question types→Social Studies STD 10 question papers→CBSE Board STD 10 question papers→CBSE Board question paper generator→

Similar questions

Why is this period called as ‘Age of Industries’?
→
Mention any two reasons of water scarcity.
→
What is ‘credit’? What is ‘collateral’?
→
How are villages of Sariska Tiger Reserve conserving their forests?
→
What is meant by strip cropping?
→
What information is needed on the packed medicines?
→
What is the percentage of Hindi speaking people in India?
→
Write the name of the international airport of Mumbai.
→
State any two goals of development other than income.
→
What is the challenge of expansion?
→