What are the various forms of modern money

Asked by admin @ 29/08/2021 in Economy viewed by 337 People

What are the modern forms of money? explain briefly

Answered by admin @ 29/08/2021

In the modern monetary systems, there are three forms of money in actual use: (i) Metallic Money, (ii) Paper Money, and (iii) Credit Money.

The first two kinds of money are in the form of currency money and the last one is credit or bank money.

Metallic Money:

Metallic money refers to coins made out of various metals like gold, silver, bronze, nickel, etc.

Paper Money:

Paper money consists of currency notes issued by the State Treasury or the Central Bank of the country.

Credit Money:

In modern economic societies, with the development of banking activity, along with paper money, another form of convertible money has developed in the form of credit money or bank money.

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What form has capitalism taken hold in modern china

Asked by maham237 @ 22/12/2020 in History viewed by 244 persons

2. What form has capitalism taken hold in modern China? Many Chinese have left to take jobs in other countries. High-tech jobs are outsourced from China to the U.S. Several …