Practice Meaning of Money - 5.1 | 5. Money and Banking – Basic Concepts | ICSE Class 10 Economic Applications
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is the primary function of money?

💡 Hint: Think about how you use money daily.

Question 2

Easy

Give one example of how money serves as a store of value.

💡 Hint: Consider where people keep their savings.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is money primarily used for?

  • As a decoration
  • To facilitate transactions
  • To be hoarded

💡 Hint: Think about why we use money daily.

Question 2

True or False: Money only comes in the form of coins and notes.

  • True
  • False

💡 Hint: Consider various forms of currency.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Analyze the impact of digital currency on traditional banking.

💡 Hint: Consider how transactions are processed differently.

Question 2

Discuss the consequences of hyperinflation on money’s function as a store of value.

💡 Hint: Think about how prices change in an economy.

Challenge and get performance evaluation