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12th Class Economics Money And Banking Question Bank Case Based MCQs - Money and Banking

  • question_answer
    Direction: Q. 6 to 10
    Read the following case study article and answer the questions.
    Source The Economic Times/New Delhi/ September 25, 2012, P.2.
    What was the form of money used immediately after barter system?

    A) Commodity money

    B) Precious metals

    C) Coinage

    D) Currency notes

    Correct Answer: A

    Solution :

    Commodity money was the first step taken out of barter system, under this system one specific commodity was considered as money and goods and services were exchanges against it.


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