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Q.

Why are transactions made in money?

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a

It can be easily exchanged.

b

It can be kept in bulk at our home.

c

It helps people to show off their wealth.

d

All of these

answer is A.

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Detailed Solution

Transactions are made in money because they can be easily exchanged.
Modern money is pieces of paper that are issued by the Reserve Bank of India on behalf of the central government. Everyone wants to receive payment in money and then exchange it for other goods that are needed. For example, if a vegetable vendor wants to purchase some rice, he would prefer to sell his vegetables in the market and then buy rice from the income earned by selling his products. It helps the vegetable vendor earn the exact market value of his goods, either more or less.

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