Economics Quiz- Money

The system where goods were exchanged for goods was called as

• Credit system

• Barter system

• Monetary system

• Exchange market

In protohistoric times, animal money was used as a means of exchange.

• True

• False

Define Money according to Prof Walker

Paper money was the substitute of which money?

• Barter

• Credit

• Animal

• Metallic

Arrange in order of evolution of money.

A- Metallic, B- Animal, C- Coins, D- Commodity

• a,b,c,d

• b,d,a,c

• d,c,a,b

• c,a,b,d