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Standard X
Social Science
Transportation and The Factors Affecting It
Identify the ...
Question
Identify the objects that were used as a medium of exchange.
A
Wood
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B
Grains
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C
Gold
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D
Paper
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E
Charcoal
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F
Copper
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G
Cattle
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H
Silver
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Solution
The correct option is
H
Silver
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Metals were used as money because they were rare and durable. However, as trade expanded, it became difficult to use metals as a medium of exchange. Why?
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How is money used as a medium of exchange? Explain with examples.
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Why is paper money used as a medium of exchange across the world?
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Barter system is no longer used as a medium of exchange as there is no
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Money's function as a medium of exchange means that
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