Practice Types of Money - 1.3 | Chapter 3: Money and Banking | ICSE Class 12 Economics
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Academics
Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Professional Courses
Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skillsβ€”perfect for learners of all ages.

games

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is commodity money?

πŸ’‘ Hint: Think of items that have worth beside being used as currency.

Question 2

Easy

What is fiat money?

πŸ’‘ Hint: Consider the money we use every day!

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 type of money has intrinsic value?

  • Fiat Money
  • Commodity Money
  • Bank Money

πŸ’‘ Hint: Think of valuable materials used throughout history.

Question 2

Fiat money is considered valuable because of which reason?

  • True
  • False

πŸ’‘ Hint: This type of money is common in today's transactions.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Evaluate the impact of fiat money on global trade.

πŸ’‘ Hint: Consider how economies depend on trade and perception of currency stability.

Question 2

How might the shift towards digital currencies affect the traditional concept of bank money?

πŸ’‘ Hint: Reflect on how technology alters traditional systems.

Challenge and get performance evaluation