[Economy] Money Complete Theory Lecture for UPSC | Fiat Money, Legal Tender, Basics to Advanced

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Join ‪@TheMrunalPatel‬'s comprehensive lecture on 'Money,' covering everything from basics to advanced concepts like fiat money, legal tender, and monetary theories. Perfect for UPSC aspirants, this session will help you build a solid foundation in economic principles. Whether you're starting your preparation or refining your knowledge, this lecture is a must-watch.

00:00 - Introduction
02:30 - Commodity Money (🥜 वस्तु मुद्रा)
06:13 - Metallic Money (🥇धातु मुद्रा)
10:15 - Intrinsic value
19:50 - Full Bodied vs Token Coins 💪
20:54 - Intrinsic Value of a Coin
23:40- Paper Money (💵 कागजी मुद्रा)
33:00- Fiat Money
44:04- Legal Tender (💵⚖️ वैधानिक निविदा)
01:00:00- Limited Legal Tender
01:02:20- Unlimited legal tender
01:12:37 - RBI’s MANI App for the Blind
01:15:48 - “I Promise to Pay the Bearer…”: Meaning of this Promise (💵)
01:20:25 - Currency Note is Not a Promissory Note
01:24:26 - Demonetization of Fiat Money
01:27:25 - ₹2000 Notes Not Demonetized?
01:34:07 - Redenomination: Iran’s Toman Currency (🤫💸👜🥚)
01:34:43 - Zimbabwe’s Gold Coin ‘Mosi-oa-Tunya’
01:35:40 - Bank Money / Deposit Money (🐷🔖)
01:37:42 - Type of Cheque
01:38:32 - Stale Cheque
01:40:07 - Crossed Cheque
01:43:17 - Demand Draft (DD)
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