Q10 of 26 Page 3

How does money act as a medium of exchange?[CBSE 2016]

Money acts as a medium of exchange because any good can be bought or sold with the money as their value is already decided in the market in terms of money.

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What is the meaning of ‘barter system’?[CBSE 2015]

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What is meant by the double coincidence of wants?[CBSE 2015]

 11

How does the use of money make it easier to exchange things? Give an example.[CBSE 2017]

 12

Give any two examples of the informal sector of credit.[CBSE 2018]