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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.
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.
The Euro is the name for ______.
People used to exchange the goods and services without using medium of exchange, such as money. This system is known as ______.
Which of the following applies to money when it serves as a store of value?
The more stable money's value, the better it serves as a store of value.
When money serves as a store of value, it requires a double coincidence of wants.
All the options are correct
Money is a store of value because it is an agreed measure for stating goods' prices.
Which of the following is money?
All of the above are money
checks in the checkbook
Controlling the quantity of money and interest rates to influence aggregate economic activity is called ______.
bank antitrust policy