Chapter 3 – ‘Money and Credit’ of the NCERT Class 10 Economics deals with one of the most important aspects of the Economy, i.e., money and credit. Students will study money as a medium of exchange among people and how credit is distributed among the people in a country. Certain concepts, including Double Coincidence of Wants, Modern ...Blank 1: patents or patent. Blank 2: copyrights or copyright. Blank 3: trademarks, trademark, trade marks , or trade mark. The most important consequence of property rights is that they ______. encourage cooperation by ensuring that only mutually agreeable economic transactions take place. Money and Credit Class 10 MCQs Questions with Answers. Question 1. Which of the following is not an advantage of self-help group? (a) Grant of timely loans. (b) Reasonable interests. (c) A platform to discuss various issues. (d) Does not help women to become self-reliant.Find company research, competitor information, contact details & financial data for ECO BARTER SALE of Nellore, Andhra Pradesh. Get the latest business insights from Dun & Bradstreet. View ECO201 EXAM 3.doc from ECO 201 at American University of Science & Tech. Question 1 (1 point) Saved In a barter system, there are Question 1 options: many different units of money. money and Upload to StudySep 27, 2022 · The company pays the IDP women based on their output. Each yard of weaved fabric earns them NGN 1,000 to 1,500 ($2.40 to $3.60). Some women weave two to three yards daily. “Ecobarter rented a large plot of land on which the recycling site is situated. The remaining portions of land are used by the women for farming,” explains Hauwa Mahmoud ... a. Money could be easily stored as compared to the goods that were received in exchange in a barter system. So it acted as a store of value. b. Deferred payments have become much easier with the introduction of money. Loans can be repaid in a much better way as compared to the barter system. It overcame the following shortcomings of the barter ...Disadvantages of Bartering. The problem with a barter economy is its inefficiency. The first potential problem is – using the example above – the person seeking lumber may not be able to find a supplier of lumber who is in need of something the lumber seeker can provide. The second potential problem comes with trying to guarantee fair ...Plot 819 Kaura District Abuja, Nigeria 900104 A platform that enables you to recycle and use your wastes as a currency. Wastes that we collect: Plastics, Paper, Cartons, Metals, Purewater sachets … Your earn ecobarter points for every kilogram weight of waste materials that you recycle with us. You can redeem your points by withdrawing as cash in … 2) In a barter system where goods are directly exchanged without the use of money, double coincidence of wants is an essential feature. a) False. b) True. Answer: Option (b) 3) In India, _____ issues currency notes on behalf of the Central Government. a) Reserve Bank of India (RBI) b) Ministry of Finance. c) Finance Commission. d) None of the abovea. Money could be easily stored as compared to the goods that were received in exchange in a barter system. So it acted as a store of value. b. Deferred payments have become much easier with the introduction of money. Loans can be repaid in a much better way as compared to the barter system. It overcame the following shortcomings of the barter ... Early ECO gameplay introduces the Barter System, but how to get the most money of it? How to transition to Global Currency? The Barter System pricing guide...LOOK | The Green Exchange: I am changed - I Exchange! The Department of Environment and Natural Resources RSCIG and Environmental Management Bureau IX... Reach out to us via any of the means below. We will respond as soon as possible. Customer Support For customer support, Call; +2347043876287 or Chat with us Ecobarter Office Our office is at Plot 819 Kaura District, Abuja.Chapter 3 – ‘Money and Credit’ of the NCERT Class 10 Economics deals with one of the most important aspects of the Economy, i.e., money and credit. Students will study money as a medium of exchange among people and how credit is distributed among the people in a country. Certain concepts, including Double Coincidence of Wants, Modern ...View ECO201 EXAM 3.doc from ECO 201 at American University of Science & Tech. Question 1 (1 point) Saved In a barter system, there are Question 1 options: many different units of money. money and Upload to StudyAnswer: Barter is a system of exchange in which goods and services are directly traded for other goods and services without the mediation of money. Question 3. Define bank money. Answer: Bank money mainly means cheques and bank drafts. Question 4. Give two demerits of money.Food is one of the basic human necessities however, hunger is still one of the world’s most urgent development challenges. Over 795 million (12.9%) people of the world’s population do not have enough food to eat (food aid foundation). Food gives us the necessary nutrients needed to stay healthy and grow, food also supplies usDec 21, 2022 · Here are some Nigerian eco-companies that can assist you on your journey to sustainable living.. Ecobarter. Owned by a geoscientist, Rita Idehai, Ecobarter is a sustainable waste management company that makes it possible for households and organizations in Nigeria to conveniently choose responsible consumption and recycle their waste. Traditional Economy Definition. In traditional economies, fundamental economic decisions, such as the production and distribution of goods and services, are determined by tradition and societal needs rather than by their potential for monetary profit. People in societies with traditional economies typically trade or barter instead of using ...Answer: Barter is a system of exchange in which goods and services are directly traded for other goods and services without the mediation of money. Question 3. Define bank money. Answer: Bank money mainly means cheques and bank drafts. Question 4. Give two demerits of money.Get more customers for your eco-friendly business Ecobarter help businesses like yours reach more buying, eco-conscious customers without hassle Become a Merchant Contact us Start Selling on the Ecobarter Marketplace in these easy steps Create a store name Complete Signup form Upload your first product Add shipping details Start selling Give your customers flexible paymentAug 31, 2023 · Please note that the chapter number is as per the rationalized NCERT Book. However chapter content is same in old as well as new book. NCERT Solutions for Class 10 Economics Chapter 3 PDF For the normal everyday Nigerian, sustainability or being environmentally conscious is not a goal that is commonly pursued, much less something that is considered in our day-to-day experience. We tend to move about our day not minding the harsh reality of waste pollution and the environmental damages that occur at almost every corner of theBarter | 28 followers on LinkedIn. Zarabiaj wypożyczając nieużywane rzeczy | Zbieramy wszystko, co da się wypożyczyć w jednym miejscu. Foundation - Ecobarter We are Empowering women to transform wastes into resources We provide under-served, mostly internally displaced women with training and resources to transform otherwise waste materials into new resources to build back their lives better Learn more Our Vision To be a leader in transitioning to a world without waste.View Homework Help - ANSWER PAST YEAR JUNE 2018 ECO531.docx from ECO 531 at Universiti Teknologi Mara. Question 1 a) Define barter system. Explain how the use of money contributes to economiccraigslist provides local classifieds and forums for jobs, housing, for sale, services, local community, and events Sep 7, 2023 · So, if eco-merchants join the Pi Network to participate in barter, it can obviously solve the crisis of this weak market. The real estate, automobile, commodities, daily necessities, tourism, and hotel service industries will be stimulated. As an accountant, I know that customers do not pay immediately; they all need 15 days to 1 month to pay. Sep 9, 2022 · When household wastes is mentioned, what generally comes to people's minds is the waste generated mainly from the kitchen, like you see the trash bin flashing in your head. Did it just flash in yours? But, this is more than just kitchen waste. It is everything in the house. From the waste generated in the PROJECT PROPOSAL FORM Project Title Eco-barter program. Trading goods with plastics. Objectives Eco-barter program is a scheme intended to trade goods to economically challenged citizens in exchange for plastics. Specifically, the program aims to: provide community members with goods for their contributions expand the ecological use of plastics, raise public awareness and engagement in ... Sep 27, 2022 · The company pays the IDP women based on their output. Each yard of weaved fabric earns them NGN 1,000 to 1,500 ($2.40 to $3.60). Some women weave two to three yards daily. “Ecobarter rented a large plot of land on which the recycling site is situated. The remaining portions of land are used by the women for farming,” explains Hauwa Mahmoud ... The barter myth implies humans have always had a sort of quid pro quo, exchange-based mentality. On paper, this sounds a bit like delayed barter, but it bears some significant differences. For one ...Double coincidence of wants means when both the parties – seller and purchaser – agree to sell and buy each other’s commodities. It implies that what a person desires to sell is exactly what the other wishes to buy. No money is used in such an arrangement. Therefore it is an essential feature of barter system. Question 2.Foundation - Ecobarter We are Empowering women to transform wastes into resources We provide under-served, mostly internally displaced women with training and resources to transform otherwise waste materials into new resources to build back their lives better Learn more Our Vision To be a leader in transitioning to a world without waste.Attention YOUTH of Barangay Tugar! Within this month, KEEP UPDATED WE WILL RESUME OUR "ECO-BARTER PROGRAM" (This program was successfully launched since 2018) We have remaining supplies pero... The company pays the IDP women based on their output. Each yard of weaved fabric earns them NGN 1,000 to 1,500 ($2.40 to $3.60). Some women weave two to three yards daily. “Ecobarter rented a large plot of land on which the recycling site is situated. The remaining portions of land are used by the women for farming,” explains Hauwa Mahmoud ...So how much can you automate in this game? Or how much automation is planned to get added into the game as it is still early access. Automation is one of my favourite things in games like these when you in the end can look at your giant machine that can harvest and craft anything you want while you don't have to lift a finger. 10.a. A parent gives a teenager a $10 bill in exchange for her babysitting services. b. A homeowner gives an exterminator a check for $50 in exchange for extermination services. c. A barber gives a plumber a haircut in exchange for the plumber fixing the barber's leaky faucet. d. All of the above are examples of barter. Meaning of Barter System: Barter system is a system of exchanging goods or services for other goods or services without using a medium of exchange, such as money. For example, a farmer cultivating wheat would exchange wheat to get rice or clothes, teachers used to get food in exchange for knowledge. Limitations of Barter System:When household wastes is mentioned, what generally comes to people's minds is the waste generated mainly from the kitchen, like you see the trash bin flashing in your head. Did it just flash in yours? But, this is more than just kitchen waste. It is everything in the house. From the waste generated in theADVERTISEMENTS: The five main difficulties found in barter system are as follows: 1. Double Coincidence of Wants 2. Lack of a Standard Unit of Account 3. Impossibility of Subdivision of Goods 4. Lack of Information 5. Production of Large and Very Costly Goods not Feasible. Money was not used in the early history of man. […]Here are some Nigerian eco-companies that can assist you on your journey to sustainable living.. Ecobarter. Owned by a geoscientist, Rita Idehai, Ecobarter is a sustainable waste management company that makes it possible for households and organizations in Nigeria to conveniently choose responsible consumption and recycle their waste.Central Bank: project on indian banking system for class 12. Central Bank is an ‘Apex’ body that controls, operates, regulates, and directs the entire banking and monetary structure of the country. It is known as the apex (Supreme) body as it occupies the topmost position in the financial and banking system of the country.Mar 31, 2021 · At a time when household energy consumption accounts for an estimated 20% of the U.S.'s total greenhouse gas emissions, an increasing number of communities around the country are going off the ... View ECO201 EXAM 3.doc from ECO 201 at American University of Science & Tech. Question 1 (1 point) Saved In a barter system, there are Question 1 options: many different units of money. money and Upload to Study6. Which one of the following is an essential feature of the barter system? (a) It promotes local market. (b) It spreads social field of an individual. (c) It requires double coincidence of wants. (d) It is an easy way. 7. Which one of the following terms is not included against loans? [CBSE CCE 2012] (a) Interest rate (b) Collateral (c ...Please note that the chapter number is as per the rationalized NCERT Book. However chapter content is same in old as well as new book. NCERT Solutions for Class 10 Economics Chapter 3 PDFReach out to us via any of the means below. We will respond as soon as possible. Customer Support For customer support, Call; +2347043876287 or Chat with us Ecobarter Office Our office is at Plot 819 Kaura District, Abuja. What is Ecobarter? We are enabling households to use wastes as a currency- Reduce wastes, save money, Blank 1: patents or patent. Blank 2: copyrights or copyright. Blank 3: trademarks, trademark, trade marks , or trade mark. The most important consequence of property rights is that they ______. encourage cooperation by ensuring that only mutually agreeable economic transactions take place. It’s cool that you’ve realized you need to make sustainable choices with your purchases but ditching what you already have to buy new eco-friendly items is very anti-hero waste and budget unfriendly. For example, you want to switch to bamboo toothbrushes but you have already stocked up on plastic toothbrushes to last you a year.Aug 30, 2023 · Conclusion. NCERT Solutions for CBSE Class 12 Macro Economics Chapter 3 Money and Banking are now available in PDF format on Vedantu. Students can make use of these Solutions for Money and Banking to prepare for both board and competitive exams. All solutions are clear and accurate as they are prepared by subject experts. 1. Create Account Download the Ecobarter app on play store 2. Request Pickup Sort your wastes & request doorstep pick up anytime 3. Earn Points Earn points everytime we pick up from you 4. Redeem Points Withdraw, transfer, donate or shop with your points We collect Plastics Papers Metals Plastics Papers Metals Plastics Papers MetalsIn a barter economy, every seller is essentially a buyer. If they sell their produce for money, the money will promptly be spent against other goods. Money is merely a convenient medium of exchange avoiding the leakages of barter and nothing more. Thus, the law though framed in terms of a barter economy held true for an economy using money also. A) immiserizing growth. Immiserizing growth refers to: B) a decrease in the welfare of a nation with growth. Endogenous growth theory : B) advocates international trade because of the resulting increase of economic growth and development of participating nations. Assume in base year 1990, the commodity or net barter terms of trade is equal to ... Jul 30, 2023 · Ecobarter is a platform to recycle and use your wastes as a currency. Request Pick up for your recyclable wastes: From the comfort of your homes, you can request pick up for your recyclable wastes like plastics, paper, cartons, nylons, metals etc and a designated last-mile collector will come to you on schedule days to collect, weigh and record the value of your wastes 1,671 Followers, 365 Following, 1,025 Posts - See Instagram photos and videos from Ecobarter | Sustainable Waste Management (@ecobarter) Apr 26, 2021 · Traditional Economy Definition. In traditional economies, fundamental economic decisions, such as the production and distribution of goods and services, are determined by tradition and societal needs rather than by their potential for monetary profit. People in societies with traditional economies typically trade or barter instead of using ... Jul 30, 2023 · Ecobarter is a platform to recycle and use your wastes as a currency. Request Pick up for your recyclable wastes: From the comfort of your homes, you can request pick up for your recyclable wastes like plastics, paper, cartons, nylons, metals etc and a designated last-mile collector will come to you on schedule days to collect, weigh and record the value of your wastes Money and Banking Class 12 MCQ with Answers. 1. The system, wherein trade can be carried out through the exchange of goods and services is called the: –. a) Barter system. b) Monetary system. c) Goods system. d) None of the above. Answer. 2. Mar 19, 2022 · Professions. Professions are the general areas of expertise players can focus on within Eco. Inside a Profession, the player can choose among several Specialties. Professions help players coordinate their efforts by offering a basic structure for the various roles in the game. Skill Points are not needed to unlock professions. Nov 22, 2022 · It is often conceived that climate change impacts most of the climate crisis and that our day-to-day waste doesn't carry that much impact in the grand scheme of things. According to a UNIDO report, about 30 million tons of solid waste are generated annually in Nigeria. This number is ominous for a nation grappling with 2) In a barter system where goods are directly exchanged without the use of money, double coincidence of wants is an essential feature. a) False. b) True. Answer: Option (b) 3) In India, _____ issues currency notes on behalf of the Central Government. a) Reserve Bank of India (RBI) b) Ministry of Finance. c) Finance Commission. d) None of the aboveBarter is the act of trading goods or services between two or more parties without the use of money (or a monetary medium, like a credit card ). In essence, bartering involves the provision of one ...Business-Marketing-Finance-Management 4 Green Street UB3 1JS, Uxbridge UK 07715611428 [email protected] LO1. Background and Resources Eco Barter is a social enterprise that provides a waste recycling service to individuals and small firms. Sep 7, 2023 · So, if eco-merchants join the Pi Network to participate in barter, it can obviously solve the crisis of this weak market. The real estate, automobile, commodities, daily necessities, tourism, and hotel service industries will be stimulated. As an accountant, I know that customers do not pay immediately; they all need 15 days to 1 month to pay. The barter myth implies humans have always had a sort of quid pro quo, exchange-based mentality. On paper, this sounds a bit like delayed barter, but it bears some significant differences. For one ...Ecobarter is a platform to recycle and use your wastes as a currency. Request Pick up for your recyclable wastes: From the comfort of your homes, you can request pick up for your recyclable wastes like plastics, paper, cartons, nylons, metals etc and a designated last-mile collector will come to you on schedule days to collect, weigh and record the value of your wastesBookmarks. In the wealth of nations (1776), Scottish economist Adam Smith asserted that the propensity of “ truck, barter and exchange ” was both the foundation of commerce and a given quality of human nature, driven by individual desire. Smith’s view that self-interest dominated the business that emerged in early modern (sixteenth- and ...Attention YOUTH of Barangay Tugar! Within this month, KEEP UPDATED WE WILL RESUME OUR "ECO-BARTER PROGRAM" (This program was successfully launched since 2018) We have remaining supplies pero... Meaning of Barter System: Barter system is a system of exchanging goods or services for other goods or services without using a medium of exchange, such as money. For example, a farmer cultivating wheat would exchange wheat to get rice or clothes, teachers used to get food in exchange for knowledge. Limitations of Barter System:Money and Banking Class 12 MCQ with Answers. 1. The system, wherein trade can be carried out through the exchange of goods and services is called the: –. a) Barter system. b) Monetary system. c) Goods system. d) None of the above. Answer. 2. Barter Exchange. Apart from very primitive societies, a pure barter economy is very rare. Even in societies with cash, there is often the concept of debt, paying later or just mutual sharing in a co-operative style societies. However, even in modern life, barter sometimes takes place. It is a way to avoid transaction costsNov 22, 2022 · It is often conceived that climate change impacts most of the climate crisis and that our day-to-day waste doesn't carry that much impact in the grand scheme of things. According to a UNIDO report, about 30 million tons of solid waste are generated annually in Nigeria. This number is ominous for a nation grappling with Feb 7, 2023 · It's common practice in our homes to dispose of food waste immediately into dust bins, particularly food waste, heading for the waste dump. Foundation - Ecobarter We are Empowering women to transform wastes into resources We provide under-served, mostly internally displaced women with training and resources to transform otherwise waste materials into new resources to build back their lives better Learn more Our Vision To be a leader in transitioning to a world without waste. Double coincidence of wants means when both the parties – seller and purchaser – agree to sell and buy each other’s commodities. It implies that what a person desires to sell is exactly what the other wishes to buy. No money is used in such an arrangement. Therefore it is an essential feature of barter system. Question 2.Question 7 0 / 1 pts If Anaheim Bank has excess reserves, it can lend some of these to Beach Bank for 1 day at the __________ rate. World Bank Correct Answer federal funds You Answered Anaheim Bank’s business loan. Beach Bank’s business loan The answer can be found in Chapter 12, Section 12.4, The Federal Reserve Structure and the Money Supply.Ecobarter is an integrated waste resource reduction, recovery, and recycling platform provider. Ecobarter is a sustainable waste management company that is leveraging technology to help households across Nigerian cities use their wastes as a currency. Via the Ecobarter app, households are...The Ecobarter. Energy, Utilities & Waste · Nigeria · 105 Employees. We operate integrated waste management schemes- a cost effective recycling collection system where we are placing young people on the frontline to connect more communities to our recycling network via the Independent Recycling Hub and Affiliate Vendor Programs.Barter Exchange. Apart from very primitive societies, a pure barter economy is very rare. Even in societies with cash, there is often the concept of debt, paying later or just mutual sharing in a co-operative style societies. However, even in modern life, barter sometimes takes place. It is a way to avoid transaction costs 2) In a barter system where goods are directly exchanged without the use of money, double coincidence of wants is an essential feature. a) False. b) True. Answer: Option (b) 3) In India, _____ issues currency notes on behalf of the Central Government. a) Reserve Bank of India (RBI) b) Ministry of Finance. c) Finance Commission. d) None of the aboveQuestion 7 0 / 1 pts If Anaheim Bank has excess reserves, it can lend some of these to Beach Bank for 1 day at the __________ rate. World Bank Correct Answer federal funds You Answered Anaheim Bank’s business loan. Beach Bank’s business loan The answer can be found in Chapter 12, Section 12.4, The Federal Reserve Structure and the Money Supply. Blank 1: patents or patent. Blank 2: copyrights or copyright. Blank 3: trademarks, trademark, trade marks , or trade mark. The most important consequence of property rights is that they ______. encourage cooperation by ensuring that only mutually agreeable economic transactions take place.Double coincidence of wants means when both the parties – seller and purchaser – agree to sell and buy each other’s commodities. It implies that what a person desires to sell is exactly what the other wishes to buy. No money is used in such an arrangement. Therefore it is an essential feature of barter system. Question 2.Sep 27, 2022 · The company pays the IDP women based on their output. Each yard of weaved fabric earns them NGN 1,000 to 1,500 ($2.40 to $3.60). Some women weave two to three yards daily. “Ecobarter rented a large plot of land on which the recycling site is situated. The remaining portions of land are used by the women for farming,” explains Hauwa Mahmoud ... At the beginning of COVID-19-related economic disruption, Tammy Calhoun started Ventura Free Barter and Trade, a Facebook group dedicated to cash-free transactions in the Ventura area.Integrating informal waste workers into proper waste management systems benefits not only sustainability strategies but also increases recycling collection and social inclusion for waste pickers. It also encourages economic development toward transitioning to a circular economy. To read about how Ecobarter is investing in informal waste workers ...Study with Quizlet and memorize flashcards containing terms like Corporate Bonds, taxation of Treasury Bonds, municipal bonds and more.Chapter 3 – ‘Money and Credit’ of the NCERT Class 10 Economics deals with one of the most important aspects of the Economy, i.e., money and credit. Students will study money as a medium of exchange among people and how credit is distributed among the people in a country. Certain concepts, including Double Coincidence of Wants, Modern ...
Recycling is simply converting waste materials into raw materials for new products. Glass, paper, and plastics are examples of items that can be recycled. There are several reasons why recycling is important. 1. It helps to reduce the waste needed to be handled and hence pollution 2. Lessens the effect of greenhouse gases, as most. Handr block
THE CITY OF NAGA ECO-BAG. As part of the information and education campaign to raise awareness on the NO SINGLE-USE PLASTIC POLICY, the Naga-Barter Shop now offers City of Naga Eco-Bags as one of the items that can be redeemed for the plastic waste exchange.PROJECT PROPOSAL FORM Project Title Eco-barter program. Trading goods with plastics. Objectives Eco-barter program is a scheme intended to trade goods to economically challenged citizens in exchange for plastics. Specifically, the program aims to: provide community members with goods for their contributions expand the ecological use of plastics, raise public awareness and engagement in ... view accomplishment report sample format.docx from aa 1philippine youth development plan 2017-2022 local youth development plans monitoring form barangay level ay _2021_ part i: sangguniang kabataanwith your fellow Citizens, complete with a government, economy, and culture. Work together to achieve society level goals, transforming the natural world while working to live in harmony with it. Eco is an online multiplayer game where players must collaborate to survive global threats, without creating one of their own in the process.Sep 5, 2020 · At the beginning of COVID-19-related economic disruption, Tammy Calhoun started Ventura Free Barter and Trade, a Facebook group dedicated to cash-free transactions in the Ventura area. craigslist provides local classifieds and forums for jobs, housing, for sale, services, local community, and eventsStudy with Quizlet and memorize flashcards containing terms like the barter system, A man has $20 but wants to take his girlfriend to a fancy steak restaurant, where he needs $70., Populist and more. Fresh features from the #1 AI-enhanced learning platform. The Ecobarter. Energy, Utilities & Waste · Nigeria · 105 Employees. We operate integrated waste management schemes- a cost effective recycling collection system where we are placing young people on the frontline to connect more communities to our recycling network via the Independent Recycling Hub and Affiliate Vendor Programs.Answer. Question 32. Money. (a) eliminates double-coincidence of wants. (b) acts as a common measure of value. (c) acts as a standard of deferred payments. (d) all the above. Answer. We hope the given NCERT MCQ Questions for Class 10 Economics Chapter 3 Money and Credit with Answers Pdf free download will help you.Eco Barter Community for EMIE Village. 60 likes · 1 talking about this. Abundancia para todosJul 30, 2023 · Ecobarter is a platform to recycle and use your wastes as a currency. Request Pick up for your recyclable wastes: From the comfort of your homes, you can request pick up for your recyclable wastes like plastics, paper, cartons, nylons, metals etc and a designated last-mile collector will come to you on schedule days to collect, weigh and record the value of your wastes Money and Credit Class 10 MCQs Questions with Answers. Question 1. Which of the following is not an advantage of self-help group? (a) Grant of timely loans. (b) Reasonable interests. (c) A platform to discuss various issues. (d) Does not help women to become self-reliant.Early ECO gameplay introduces the Barter System, but how to get the most money of it? How to transition to Global Currency? The Barter System pricing guide... Early ECO gameplay introduces the Barter System, but how to get the most money of it? How to transition to Global Currency? The Barter System pricing guide... Central Bank: project on indian banking system for class 12. Central Bank is an ‘Apex’ body that controls, operates, regulates, and directs the entire banking and monetary structure of the country. It is known as the apex (Supreme) body as it occupies the topmost position in the financial and banking system of the country.Dec 7, 2019 · Money and Banking Important Questions for class 12 economics Barter System and Money. 1. Barter System: It is a system of exchange, where goods are exchange for goods, also known as c-c economy. Where c stands for commodity. 3. Evolution of Money: Money finds its origin to facilitate the need of exchange. Earlier under barter system, people ... .