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Old Forms of Money

Which of the ...

Question

Which of the following were used as money in earlier times (a few hundred years ago)?

A

Salt

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B

Cattle

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C

Paper money

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D

Both (a) and (b)

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Solution

The correct option is D Both (a) and (b)
Cattle and salt were used as money in earlier periods. Paper and credit money have emerged only in the recent past.

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