Subject: Social Studies and Population Education
In the past, people used to produce the essential things in their own home. They used to exchange the goods and other materials with their neighbours which are essential to them. In this way, people used to exchange the goods and services without using medium of exchange, such as money. This system is known as batar system. The batar system became ineffective with the increment of the economic activities. Then, it was started to search the universally accepted material instead of exchanging system. Animals and their skin, the carapace of the tortoise, hole in the hard material, etc. were used instead of the exchange of goods. The metals such as gold and silver were used as the means of exchange with the development. Notes have become the most popular means of exchange in present days. The shape and structure of currency had changed with the development of human civilization. Nepal Rastra Bank, in our country, issues paper notes & coins and circulates throughout the country. Few countries of Europe has brought the trend of a common currency which is called Euro. The currency of America is called Dollar.
What is batar system?
People used to exchange the goods and services without using medium of exchange, such as money. This system is known as batar system. Batar system is the old method of exchange.
What is the currency of America called?
The currency of America is called Dollar.
What is the most popular means of exchange now a days?
Now a days, the most popular means of exchange is paper notes.
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