Currency made of gold, silver and copper is called

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

Metallic coins

Money

Paper money

Credit money

answer is A.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

Currency made of gold, silver and copper is called metallic coins. The state’s exclusive monopoly guarantees its value. The rights to mine the coins belongs to the state. Older currencies that were used post barter system when there was a double coincidence of wants were metallic coins made of gold, silver, and copper. Kingdoms issued these. At present different countries issue different currencies based on their nationality. In India, the law makes the rupee a legal tender that cannot be refused when settling transactions. Notes are modern currencies, and coins made out of gold and silver are older currencies.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th

🔥 Start Your JEE/NEET Prep at Just ₹1999 / month - Limited Offer! Check Now!

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th