Question

Match the types of money with their examples.

• A. Plastic money
• B. Bank money
• C. E-money
• D. Commodity money

Answer 1

Coffee and other goods were known as commodity money in the era of the barter system.
A cheque book is bank money as it carries the value of money and is issued by banks.
A credit card is made of plastic, which is why it is called plastic money.
UPI payments can be made via mobiles. Hence, they are modes of e-money.