Social Science : Economics
MONEY AND CREDIT
VI. Write the
correct statement
a) 1. The barter system
flourished wherever civilizations thrived.
2. This was the initial form of
trade.
i)
1 is correct; 2 is wrong
ii) Both 1 and 2 are correct
iii)
Both 1 and 2 are wrong
iv)
1 is wrong; 2 is correct
Answer : (ii) Both
1 and 2 are correct
b) 1. Most of the International
trade transactions are carried out in US dollars.
2. No other country except the US
carries out trade in the world.
i)
Both the statements are correct
ii)
Both the statements are wrong
iii) 1 is correct; 2 is wrong
iv)
1 is wrong; 2 is correct
Answer : (iii) 1 is
correct; 2 is wrong
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