ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Specie is coin minted from gold and silver.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Coins are money made from metals. In the past, coins were sometimes made from valuable metals such as gold and silver. Today, most coins are made with some combination of copper, zinc, and nickel.

Detailed explanation-2: -Pure gold or silver is melted in a furnace and then poured into cylindrical billets. These billets are then made into long, thin strips and cut into smaller lengths, before being sent into a blanking press that punches the gold or silver strips into discs known as ‘blanks’.

Detailed explanation-3: -True coinage began soon after 650 bc. The 6th-century Greek poet Xenophanes, quoted by the historian Herodotus, ascribed its invention to the Lydians, “the first to strike and use coins of gold and silver.” King Croesus of Lydia (reigned c.

Detailed explanation-4: -Option 1 is correct, i.e. Chandragupta II. He was the son of Samudragupta and also known as the Chandragupta Vikramaditya. Under him, the Gupta empire became almost as large as the Mauryan empire.

There is 1 question to complete.