Skip to main content
Super TutorResources
Chapter 12 of 30
Study Plan

Money — Study Plan

Telangana Open School (TOSS) · Class 12 · Economics

A step-by-step study plan for Money, Telangana Open School (TOSS) Class 12 Economics: what to learn first, what to practise and when to revise.

45 questions30 flashcards4 formulas & key relations4 concepts

Interactive on Super Tutor

Studying Money? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for study plan and more.

Try Super Tutor — Free

Free trial, no card needed.

Study Plan

1
Day 1–2

Learn the Theory

Read the textbook chapter carefully. Note down definitions, formulas and key ideas. Focus on: Concept and Evolution of Money, Barter System and Its Inconveniences, Types of Money.

2
Day 3

Practise

Solve the textbook exercises and extra practice questions. There are 45 questions available for this chapter.

3
Day 4

Revise & Test

Revise key points without looking at your notes. Take a practice quiz and mark weak areas for another pass.

4
Day 7

Spaced Revision

Come back to Money after a week. Use flashcards for quick recall and try past exam questions on this chapter.

What to Focus On

  • Money is an economic concept referring to widely accepted medium of exchange.
  • It is not just physical cash but includes various forms like cheques and digital payments.
  • General acceptability is the most important feature of money.
  • Money evolved from barter to commodity money, metallic coins, paper money, and now digital forms.
  • Cowrie shells, grains, and cattle were early forms of money.
  • Modern forms include cheques, credit cards, and online payment systems.
  • Barter system involves direct exchange of goods.
  • It suffers from lack of double coincidence, poor store of value, indivisibility, no common measure, and difficulty in deferred payments.
  • These problems made money necessary.

Common Mistakes to Avoid

All forms of money have intrinsic value like gold or silver.

Barter system only failed because people didn't want to trade.

Cheques and credit cards are not money because they are not cash.

Memory Tips

Inconveniences of the Barter System: 5 Key Problems

Lack of Double Coincidence of Wants

Lack of Store of Value in Barter

Lack of Divisibility

Want a personalised study plan?

Super Tutor builds a day-by-day plan for Telangana Open School (TOSS) Class 12 Economics that fits your exam date and pace.

Create My Study Plan

Frequently Asked Questions

What are the important topics in Money for Telangana Open School (TOSS) Class 12 Economics?
Key topics in Money include Concept and Evolution of Money, Barter System and Its Inconveniences, Types of Money, Functions of Money. Study these first, then practise questions on each for the Telangana Open School (TOSS) Class 12 board exam.
How should I revise Money for the Telangana Open School (TOSS) Class 12 board exam?
Learn the core ideas first, then work through the 45 practice questions on Money. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Money

All Telangana Open School (TOSS) Class 12 Economics Study Plan

For serious students

Get the full Money chapter — start free.

Quizzes, flashcards, an AI doubt solver and a study plan for Telangana Open School (TOSS) Class 12 Economics. Free to start, no card needed.

Try Super Tutor Free
Try this chapter free