The standard unit of value, used as medium of exchange during the Vedic period, was :

Options

A. Cow
B. Necklet of gold (niska)
C. Both (a) and (b)
D. Pana

Answer

C

Explanation

The Vedic period shows that the vedic people used cows as a medium of exchange. Niska and hiranyapinda, perhaps, were two types I of metallic medium of exchange prevalent in Vedic India. Rigvedic niskas and hiranyapindas, in this period, stood as a link between the money and currency stages of the development of the economy.