Money terms and meanings

Exercise and reference answers

Matching pairs

1. Left

   Barter

   Right

   Goods for goods, no money between

2. Left

   Fiat money

   Right

   No intrinsic value of its own

3. Left

   Legal tender

   Right

   Cannot be refused for settlement

4. Left

   CRR

   Right

   Deposit share held as cash reserves

5. Left

   Last resort

   Right

   RBI ready to lend to banks at all times

Instructions

Tap a term on the left, then its meaning on the right.

Explanation