Class 2 Exam > Class 2 Videos > Mathematics for Class 2 > Money
Money Video Lecture | Mathematics for Class 2
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14 videos|58 docs|19 tests
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FAQs on Money Video Lecture - Mathematics for Class 2
| 1. What are the different types of money? |  |
Ans. Money can be classified into various types, including cash (coins and banknotes), checks, electronic money (credit and debit cards), cryptocurrencies (such as Bitcoin), and more.
| 2. How is money created by the government? | |
Ans. The government creates money through a process called currency issuance, where it prints physical money and controls the money supply through the central bank.
| 3. What is the function of money in an economy? | |
Ans. Money serves several functions in an economy, such as a medium of exchange, unit of account, store of value, and standard of deferred payment.
| 4. What is the difference between fiat money and commodity money? | |
Ans. Fiat money is currency that has no intrinsic value and is not backed by a physical commodity, while commodity money is currency that is backed by a physical commodity such as gold or silver.
| 5. How does inflation impact the value of money? | |
Ans. Inflation decreases the purchasing power of money over time, as the cost of goods and services increases. This means that the same amount of money will buy less in the future than it does today.
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About this Video
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4.76/5 Rating |
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Nov 24, 2024 Last updated |
Video Description: Money for Class 2 2024 is part of Mathematics for Class 2 preparation.
The notes and questions for Money have been prepared according to the Class 2 exam syllabus.
Information about Money covers all important topics for Class 2 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Money.
Introduction of Money in English is available as part of our Mathematics for Class 2 for Class 2 & Money in
Hindi for Mathematics for Class 2 course. Download more important topics related with notes, lectures and mock test series for
Class 2 Exam by signing up for free.
Description
Video Lecture & Questions for Money Video Lecture | Mathematics for Class 2 - Class 2 full syllabus preparation | Free video for Class 2 exam to prepare for Mathematics for Class 2.
Information about Money
Here you can find the meaning of Money defined & explained in the simplest way possible.
Besides explaining types of Money theory, EduRev gives you an ample number of questions to practice Money tests,
examples and also practice Class 2 tests.
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The content of Money is prepared as per the latest Class 2 syllabus.
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