Sawaal
9
Q:

Which of the following is an example of representative money?

A) Salt B) A tract of land
C) Gold D) A check

Answer:   D) A check



Explanation:

Representative money is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value, such as gold, silver, copper,...

 

Hence, a Check is an example of representative money.

Subject: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO
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