ECONOMICS (CBSE/UGC NET)

ECONOMICS

TRADE EXCHANGE AND INTERDEPENDENCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
People used metal ____, but they were too hard to carry around.
A
coins
B
legs
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -The sturdy and strong feature of metals also enabled the coins to retain their shape for longer periods of time. Additionally, the malleable nature of metals made it convenient to make coins of various shapes. All these features made metals ideal for making coins.

Detailed explanation-2: -Ancient coins were made from gold, silver, electrum, and copper and its alloys, bronze or brass. The earliest coins, minted in Asia Minor in the mid-to late seventh century B.C., were of naturally-occurring electrum, an alloy of gold and at least 20 per cent silver.

Detailed explanation-3: -Gold, silver and bronze or copper were the coinage metals of the ancient world, and most medieval coins.

Detailed explanation-4: -Today’s coins are made from metals such as nickel, copper, and zinc. Instead of using one metal to make a coin, multiple kinds of metal are pressed together into layers.

There is 1 question to complete.