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Single Answer MCQ
Q-00045422

What is modern currency made of?

1

Precious metals

2

Paper and coins

3

Barter items

4

Grains and cattle

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

B. Paper and coins

Solution:

Modern currency is composed primarily of paper notes and coins, which are not valuable on their own but are authorized by the government for use in transactions. Precious metals were used in historical forms of money.

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