HARD
9th Jammu and Kashmir Board
IMPORTANT
Earn 100

Why is money called a medium of exchange?

Important Questions on Money and Banking

MEDIUM
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 3
What are the different forms of modern currency?
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 4
Who is authorized to issue currency in India.
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 5
Why can no one refuse to accept payment in rupees?
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 6
Why are the deposits in the bank account called deposits?
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 7
How do banks mediate between those who have surplus money and those who need money?
MEDIUM
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 8
Define a Cheque.
MEDIUM
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 9
Define a Loan.
MEDIUM
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 10
Why do lenders ask for collateral while lending?