Class 1 Exam > Class 1 Videos > Mathematics for Class 1 > Concept of Money
Concept of Money Video Lecture | Mathematics for Class 1
|
9 videos|80 docs|23 tests
|
FAQs on Concept of Money Video Lecture - Mathematics for Class 1
| 1. What is the concept of money? |  |
Ans. The concept of money refers to the medium of exchange that is widely accepted in transactions for goods and services. It is a system of currency used by individuals, businesses, and governments to facilitate economic transactions.
| 2. How does money function as a medium of exchange? | |
Ans. Money functions as a medium of exchange by representing the value of goods and services. It allows individuals to trade their goods and services for money, which can then be used to purchase other goods and services from others.
| 3. What are the different forms of money? | |
Ans. Money can exist in various forms, including physical cash (coins and banknotes), digital currency (electronic payments), and bank deposits. These different forms of money serve the same purpose of facilitating transactions.
| 4. How is the value of money determined? | |
Ans. The value of money is determined by factors such as supply and demand, inflation, interest rates, and the overall economic conditions of a country. Central banks and governments play a significant role in managing and controlling the value of money.
| 5. What are the functions of money? | |
Ans. Money serves three primary functions: a medium of exchange, a unit of account, and a store of value. It allows for the efficient exchange of goods and services, provides a common measure of value, and can be saved or invested for future use.
About this Video
|
4.1K Views |
|
4.90/5 Rating |
|
Dec 22, 2024 Last updated |
Video Description: Concept of Money for Class 1 2024 is part of Mathematics for Class 1 preparation.
The notes and questions for Concept of Money have been prepared according to the Class 1 exam syllabus.
Information about Concept of Money covers all important topics for Class 1 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Concept of Money.
Introduction of Concept of Money in English is available as part of our Mathematics for Class 1 for Class 1 & Concept of Money in
Hindi for Mathematics for Class 1 course. Download more important topics related with notes, lectures and mock test series for
Class 1 Exam by signing up for free.
Description
Video Lecture & Questions for Concept of Money Video Lecture | Mathematics for Class 1 - Class 1 full syllabus preparation | Free video for Class 1 exam to prepare for Mathematics for Class 1.
Information about Concept of Money
Here you can find the meaning of Concept of Money defined & explained in the simplest way possible.
Besides explaining types of Concept of Money theory, EduRev gives you an ample number of questions to practice Concept of Money tests,
examples and also practice Class 1 tests.
|
9 videos|80 docs|23 tests
|
|
Explore Courses for Class 1 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
past year papers
,Free
,mock tests for examination
,Summary
,MCQs
,shortcuts and tricks
,Previous Year Questions with Solutions
,Concept of Money Video Lecture | Mathematics for Class 1
,Semester Notes
,Viva Questions
,Concept of Money Video Lecture | Mathematics for Class 1
,Exam
,Extra Questions
,video lectures
,Objective type Questions
,study material
,Sample Paper
,Important questions
,ppt
,Concept of Money Video Lecture | Mathematics for Class 1
,practice quizzes
;
Study Concept of Money on the App
Students of Class 1 can study Concept of Money alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Concept of Money,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Concept of Money is prepared as per the latest Class 1 syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup