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Q&A HomeClass 7CBSESocial ScienceFrom Barter to Money
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Chapter 11

From Barter to Money

Social Science•Class 7•CBSE

58 Questions Available

Showing 18 questions on this page

41

What are the functions of money, and how do they help the economy?

35 views0 helpful
42

What might be the consequences if the barter system were still in use today, instead of money?

33 views0 helpful
43

What role do banks play in the modern monetary system?

33 views0 helpful
44

What was the significance of the introduction of paper currency in India?

32 views0 helpful
45

How can the digitalization of money, like UPI and QR codes, change the way people conduct business and manage their finances?

32 views0 helpful
46

How did the introduction of money simplify trade compared to the barter system?

31 views0 helpful
47

Why were coins important in the history of money?

30 views0 helpful
48

Why was money considered a significant advancement over the barter system?

30 views0 helpful
49

How does money address the issue of portability in trade?

30 views0 helpful
50

How do QR codes facilitate digital payments in modern commerce?

29 views0 helpful
51

Why did the barter system become less efficient over time?

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52

What is the role of money as a store of value?

28 views0 helpful
53

What is the concept of barter and how does it work?

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54

Why did early societies use items like cowrie shells and Rai stones as money?

28 views0 helpful
55

How did paper currency evolve, and what role did it play in modern economies?

27 views0 helpful
56

How did the development of trade routes impact the evolution of money and currency?

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57

What are the different forms of money that have evolved over time?

26 views0 helpful
58

How did money evolve from coins to digital money?

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