Development of money

This is anything which is used as a medium of exchange

Which of the following defines money.

• Medium of exchange

• Standard of value

• Legal tender

• All of the above

When different commodities were used as a medium of exchange.

• Commodity Money

• Metallic Money

• Paper Money

• Credit Money

A bank check is an example of....

• Commodity Money

• Paper Money

• Credit Money

• Electronic Money

Also known as e-money, electronic money, or digital currency.