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Question
Which of the following does not come under modern forms of currency.
Which of the following does not come under modern forms of currency.
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Solution
The correct option is B Loan Payments
In the modern monetary systems, there are three forms of money in actual use: (i) Metallic Money, (ii) Paper Money, and (iii) Credit Money. The first two kinds of money are in the form of currency money and the last one is credit or bank money.However, loan payments are not a form of currency.
In the modern monetary systems, there are three forms of money in actual use:
(i) Metallic Money,
(ii) Paper Money, and
(iii) Credit Money.
The first two kinds of money are in the form of currency money and the last one is credit or bank money.
However, loan payments are not a form of currency.
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