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Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 3 : Money and Credit1 Mark
MCQ
Why is money called the medium of exchange?
  • A
    Goods are being bought and sold with the use of money.
  • B
    Use of money has made things easier to exchange.
  • ✓
    Money acts as an intermediate in the exchange process.
  • D
    Without exchange of money nobody can fulfil all his needs and requirements.
✓

Answer

Correct option: C.
Money acts as an intermediate in the exchange process.

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