Match the Following
(Match Column A with the correct option in Column B)
|
Column A |
Column B |
|
1. Double coincidence of wants |
(a) A form of money used in ancient India |
|
2. UPI |
(b) Money can be stored for future use |
|
3. Karshapanas |
(c) Two parties need exactly what the other wants |
|
4. Store of value |
(d) A system for transferring money digitally |
|
5. Barter system |
(e) The exchange of goods and service directly |
Matched Pairs and Explanations:
1 → c: Double Coincidence of Wants means both parties need what the other offers.
2 → d: UPI is a system for transferring money digitally.
3 → a: Kārshāpanas were coins used in ancient India for transactions.
4 → b: Store of value means money can be saved for future use.
5 → e: Barter system is the direct exchange of goods and services.