CBSE Class 10 - Economics - Chapter 3 - Money and Credit (Short Q and A)
Money and Credit
Short Question and Answers based on NCERT Chapter
Q1: Define money?
Answer: It is defined as medium of exchange.
Q2: What does money serve?
Answer: Money serves as :
a. a unit of accounting
b. a store of value or purchasing power
c. a standard of deferred payment
Q3: What is Double Coincidence of Wants?
Answer: It refers to a situation wherein what a person
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