Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

Which of the following is considered as modern forms of money?

Options:

Bills of exchange

Gold and silver

Paper notes and coins

All of the above

Correct Answer:

Paper notes and coins

Explanation:

Modern forms of money include currency — paper notes and coins. Unlike the things that were used as money earlier, modern currency is not made of precious metal such as gold, silver and copper. And unlike grain and cattle, they are neither of everyday use. The modern currency is without any use of its own.