Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:
Which of the following is NOT a modern form of money?
Options:
coins
paper money
gold
none of the above
Correct Answer:
gold
Explanation:
In a modern economy money consists mainly of currency notes and coins issued by the monetary authority of the country. Precious metals which were used earlier as a form of money is not included in it.