Practicing Success
Which of the following is considered as modern forms of money? |
Bills of exchange Gold and silver Paper notes and coins All of the above |
Paper notes and coins |
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. |