Money, Banking, and Monetary Policy · Macroeconomics

The Evolution and Functions of Money

Tracing the transition from barter systems to modern fiat and digital currencies.

Key Questions

  1. 1What incentives drive the adoption of digital currencies over physical cash?
  2. 2How does the loss of purchasing power through inflation affect different social classes?
  3. 3What trade-offs occur when a society moves from a commodity-backed currency to fiat money?

CBSE Learning Outcomes

CBSE: Money and Banking - Class 12
Class: Class 12
Subject: Economics
Unit: Money, Banking, and Monetary Policy
Period: Macroeconomics

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