Money as a Medium of Exchange

Main Function of money is -

The money is deposited for a fixed period of time in this account:

Name the system in which the double coincidence of wants is an essential feature?

Which of the following is not associated with the barter system of exchange?

What amount of deposits are to be kept by commercial banks?

Between which parties does the bank act as a mediator?

Which of the following facility does the bank offer to the public?

Double Coincidence of Wants is an important feature of which system?

Who controls the monetary policy of our country?

What was used as a medium of exchange before the introduction of coins?

Which deposits can be withdrawn on demand?

Which of the following can be considered a modern form of money? 

Read the statements below carefully and choose the correct option.

$Statement 1$: Gold and silver are modern forms of money.

$Statement 2$: State Bank of India issues currency notes on behalf of the Government of India.

$Statement 3$: Banks lend out all the cash that they receive as deposits.

Before money, what was used as a medium of exchange?