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MA
Question Practice

How does digital money primarily differ from traditional currency?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 10
Social Science
Understanding Economic Development
MONEY AND CREDIT
Question Bank

How does digital money primari...

Single Answer MCQ
Q-00015829

How does digital money primarily differ from traditional currency?

1

It is made of paper

2

It requires a bank account

3

It cannot be transferred

4

It is not authorized by the government

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What is the role of credit in economic development?

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Q2.

Explain the concept of formal and informal sources of credit.

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Q3.

What is the primary function of modern money?

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Q4.

Which of the following is NOT considered modern money?

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