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Page 1 124 Coins currently in use in India. ________ ________ _____ _____ ________ ________ _____ _____ ________ ________ _____ _____ ________ ________ _____ _____ 12 Money Refer to page no. 146 to develop understanding of money. Teachers Note 2019-2020 Page 2 124 Coins currently in use in India. ________ ________ _____ _____ ________ ________ _____ _____ ________ ________ _____ _____ ________ ________ _____ _____ 12 Money Refer to page no. 146 to develop understanding of money. Teachers Note 2019-2020 125 Notes curr ently in use in our curr ency. SPECIMEN SPECIMEN SPECIMEN SPECIMEN SPECIMEN 2019-2020 Page 3 124 Coins currently in use in India. ________ ________ _____ _____ ________ ________ _____ _____ ________ ________ _____ _____ ________ ________ _____ _____ 12 Money Refer to page no. 146 to develop understanding of money. Teachers Note 2019-2020 125 Notes curr ently in use in our curr ency. SPECIMEN SPECIMEN SPECIMEN SPECIMEN SPECIMEN 2019-2020 126 Make the given amount using dif fer ent combination of coins. __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ _____ _________ _________ _________ _________ _____ 2 rupees 1 rupee 2 rupees 3 rupees 3 rupees 2019-2020 Page 4 124 Coins currently in use in India. ________ ________ _____ _____ ________ ________ _____ _____ ________ ________ _____ _____ ________ ________ _____ _____ 12 Money Refer to page no. 146 to develop understanding of money. Teachers Note 2019-2020 125 Notes curr ently in use in our curr ency. SPECIMEN SPECIMEN SPECIMEN SPECIMEN SPECIMEN 2019-2020 126 Make the given amount using dif fer ent combination of coins. __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ _____ _________ _________ _________ _________ _____ 2 rupees 1 rupee 2 rupees 3 rupees 3 rupees 2019-2020 127 Make the given amount using dif fer ent combination of coins. __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________ _____________ __________ _____________ 4 rupees 4 rupees 4 rupees 5 rupees 5 rupees 5 rupees 5 rupees 2019-2020 Page 5 124 Coins currently in use in India. ________ ________ _____ _____ ________ ________ _____ _____ ________ ________ _____ _____ ________ ________ _____ _____ 12 Money Refer to page no. 146 to develop understanding of money. Teachers Note 2019-2020 125 Notes curr ently in use in our curr ency. SPECIMEN SPECIMEN SPECIMEN SPECIMEN SPECIMEN 2019-2020 126 Make the given amount using dif fer ent combination of coins. __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ _____ _________ _________ _________ _________ _____ 2 rupees 1 rupee 2 rupees 3 rupees 3 rupees 2019-2020 127 Make the given amount using dif fer ent combination of coins. __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________________ __________ _____________ __________ _____________ 4 rupees 4 rupees 4 rupees 5 rupees 5 rupees 5 rupees 5 rupees 2019-2020 128 Make the given amount using dif fer ent combination of coins. __________________ __________________ __________________ __________________ __________________ __________________ ________________ ________________ 6 rupees 6 rupees 6 rupees 6 rupees 6 rupees 2019-2020Read More
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FAQs on NCERT Textbook- Money - Mathematics for Class 1: NCERT
| 1. What is money and why is it important in our daily lives? |  |
Ans. Money is a medium of exchange that is widely accepted in transactions for goods and services. It helps facilitate trade and enables us to buy the things we need or want. Money is important in our daily lives as it allows us to meet our basic needs, pay for education, healthcare, and other essential services.
| 2. How is money created in the economy? | |
Ans. Money is created in the economy through a process known as fractional reserve banking. When a bank receives a deposit, it is required to keep only a fraction of that deposit as reserves and can lend out the rest. This creates new money in the form of loans, which are then spent by borrowers and eventually deposited in other banks, further expanding the money supply.
| 3. What are the different functions of money? | |
Ans. Money serves several functions in an economy. It acts as a medium of exchange, facilitating the buying and selling of goods and services. It also serves as a unit of account, providing a common measure of value for different goods and services. Money is a store of value, allowing individuals to save their wealth for future use. Additionally, it serves as a standard of deferred payment, enabling the settlement of debts over time.
| 4. What are the different forms of money? | |
Ans. Money exists in various forms, including cash (banknotes and coins), demand deposits (money held in bank accounts), and electronic money (such as digital wallets and online payment systems). These forms of money can be used interchangeably for transactions, depending on the convenience and acceptance in different situations.
| 5. How does inflation affect the value of money? | |
Ans. Inflation erodes the value of money over time. When the general price level of goods and services rises, each unit of currency can buy fewer goods and services. This means that the purchasing power of money decreases, and it takes more money to buy the same amount of goods or services. Inflation can reduce the real value of savings and impact the overall economy by affecting investment, consumption, and economic stability.
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