Q3 of 24 Page 247

Conduct a Survey:

Conduct a survey in your locality whether exchange took place in the form of barter system.


In my locality, there is no exchange made without the use of money. Money is commonly and widely used as a medium of exchange and any economic activity and transactions are conducted through the use of money.


More from this chapter

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1

Prepare a chart

Prepare a chart showing Indian currencies and coins.


 2

Discussion:

Discuss with your friends how the system of trading is done without the use of money.


 4

Understand:

Try to understand what is “commodity money”.


 5

Project report:

Prepare a project report how consumer and entrepreneurs are performing for development of economy.