Detailed Explanation:

Answer: Option 2 — Coins

The term "Fanam" in medieval India referred to a gold or silver coin that was widely used in South India, particularly in regions like the Vijayanagara Empire, the Nayakas of Madurai, and various Deccan states. It was a small denomination currency used extensively in trade and commerce from the medieval period until the 19th century.

📝 Short Notes: Medieval Indian Coinage

• Fanam: A gold/silver coin primarily used in South India (Vijayanagara Empire, Madurai Nayakas, Travancore, Mysore); continued until British period in some regions
• Tanka: Silver coin introduced by Iltutmish of Delhi Sultanate; became standard currency in North India
• Jital: Copper coin used during Delhi Sultanate period for smaller transactions
• Hun: Small copper coin used in various regional kingdoms; 1 Tanka = 48 Jitals or multiple Huns
• Pagoda (Varaha): Gold coin of South India, especially Vijayanagara Empire; featured Hindu deities
• Rupiya: Silver coin introduced by Sher Shah Suri (1540-1545); standardized by Akbar; became foundation of modern rupee