MEDIUM
10th CBSE
IMPORTANT
Earn 100

How does the use of money make it easier to exchange things?

Important Questions on Money and Credit
MEDIUM
10th CBSE
IMPORTANT
Can you think of some examples of goods/services being exchanged or wages being paid through barter?

MEDIUM
10th CBSE
IMPORTANT
Mr. Salim wants to withdraw cash for making payments. How would he write a cheque to withdraw money?

MEDIUM
10th CBSE
IMPORTANT
A shoe manufacturer, M. Salim has to make a payment to the leather supplier and writes a cheque for a specific amount. This means that the shoe manufacturer instructs his bank to pay this amount to the leather supplier. The leather supplier takes this cheque, and deposits it in his own account in the bank. The money is transferred from one bank account to another bank account in a couple of days. The transaction is complete without any payment of cash.
Choose the correct answer.

HARD
10th CBSE
IMPORTANT
Why are demand deposits considered as money?

MEDIUM
10th CBSE
IMPORTANT
What do you think would happen if all the depositors went to ask for their money at the same time?

MEDIUM
10th CBSE
IMPORTANT
Why do lenders ask for collateral while lending?

MEDIUM
10th CBSE
IMPORTANT
Given that a large number of people in our country are poor, does it in any way affect their capacity to borrow.

MEDIUM
10th CBSE
IMPORTANT
What are the differences between formal and informal sources of credit?
