Teaching BPSC बिहार माध्यमिक TGT (9 to 10) शिक्षक भर्ती 4.0 Mock Test General Knowledge Economy Money and Banking
Consider the following statements:
Statement–I: Commodity money has intrinsic value and can be used for purposes other than as a medium of exchange.
Statement–II: Commodities like gold and silver have historically been used as commodity money due to their durability and divisibility.
Statement–III: Commodity money is unaffected by market supply and demand.
Which one of the following is correct in respect of the above statements?
1
Both Statement-II and Statement-III are correct and both of them explain Statement-I
2
Both Statement-II and Statement-III are correct, but only one of them explains Statement-I
3
Only one of the Statements II and III is correct and that explains Statement-I
4
More than one of the above
5
None of the above