Explain the meaning Of currency
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Tanzo Khan 6 years, 9 months ago
- 1 answers
Test
Related Questions
Posted by Sakshi Patel 3 months, 3 weeks ago
- 1 answers
Posted by Kapil Dev Saroye 1 year, 8 months ago
- 0 answers
Posted by Sudhanshu Choudhry 1 year, 8 months ago
- 1 answers
Posted by Shristi Pandey 5 months ago
- 0 answers
Posted by Vansh Singh 1 year, 8 months ago
- 1 answers
Posted by Chirag Jindal 1 year, 8 months ago
- 0 answers
Posted by Anisha Grover 6 months, 4 weeks ago
- 0 answers
Posted by Sai Sravika Godavarthi 7 months ago
- 1 answers
Posted by Siddhanth Aravind 1 year, 4 months ago
- 0 answers
Posted by Armaan Ali 1 year, 8 months ago
- 1 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Gaurav Seth 6 years, 9 months ago
In the historical period coins of precious metals started getting used as medium of exchange and this was the birth of money. As precious metals were difficult to procure, so slowly paper money or currency notes began to replace them.
Now the government or government authorized body in a country issues currency notes for circulation.
In India, the Reserve Bank of India issues currency notes. On the currency note you can observe the statement promising a particular amount to be paid to the bearer of the currency note.
Money removed the coincidence of wants factor and smoothens the exchange facilitating economic activity.
1Thank You