<section><h2>CHAPTER 24: MONEY - MEDIUM OF EXCHANGE </h2><p><p style="text-align:justify;"><span style="font-size:14px;"><strong> </strong></span></p><strong>Hello and welcome to the Supplementary Quiz for Chapter 24 Money - Medium of Exchange. State if the given statements are true or false. We hope you enjoy the quiz!</strong><h3></h3><div><br /></div></p></section><section><h2><p dir="ltr" role="presentation"></p>Exchange of goods is called a Barter System but not exchange of services.<br /></h2></section><section><h3><p>Barter system did not sustain for a long time because you may not always be in need of the goods or services willing to be exchanged by the other person. It may also be difficult to share or store.</p><p dir="ltr" role="presentation"></p><p dir="ltr"></p></h3></section><section><h3><p dir="ltr" role="presentation"></p>Paper currency was better than coin currency because it was less heavy and easier to carry. <p dir="ltr"></p></h3></section><section><h3><p dir="ltr" role="presentation"></p>Each country generally has a central bank where money is minted.<p dir="ltr"></p></h3></section><section><h3><p dir="ltr" role="presentation"></p>Rupay, PhonePe and GPay are examples of some plastic money<p dir="ltr"></p></h3></section><section><h3><p dir="ltr" role="presentation"></p>Take a credit card or debit card from your parents. It has a card number, magnetic chip, issue and expiry date and CVV number.<p dir="ltr"></p></h3></section><section><h3><p dir="ltr" role="presentation"></p>It is easier to make payments with credit or debit cards because we do not have to carry a lot of currency.<p dir="ltr"></p></h3></section><section><h3><p dir="ltr" role="presentation"> </p>A card that allows a customer to withdraw money or to pay for shopping is called a UPI. <p dir="ltr"> </p></h3></section><section><h3><p dir="ltr" role="presentation"></p>You may not share your ATM pin with others but it is safe to share an OTP that we get on our mobile<p dir="ltr"></p></h3></section><section><h3><p dir="ltr" role="presentation"></p>You may carry out online electronic transfers with the help of payment link, Bar Code or UPI ID. <p dir="ltr"></p></h3></section><section><h2><h2> </h2><h2>Congratulations! <br /><br />Stay updated. Stay enlightened! <strong> </strong></h2></h2><p></p></section><section><h3><h2> </h2></h3></section>