Money and Credit Class 10 Notes:-

Understanding the process of Exchange :-

How goods were bought and sold when there was no money (Barter System)?

Concept of MONEY :-

What is Money?

money and credit class 10 notes

Modern forms of Money

Currency:

Bank Deposits:

Payment through Cheque:

Cheque

If you want to know more about Cheque and its uses then check out: Cheque and Types of Cheque

Loan Activity of Bank :-

process of exchange

Two different Credit Situations :-

Situation 1: Festive Season :

Situation 2: Swapna’s Problem :

Situation 1 Vs Situation 2 :

Terms of Credit :-

Formal Sector of Credit in India:-

Formal and Informal Credit :

Special Help Group (SHGs) :-

Advantages of SHG:

Follow our IG Page for Commerce – @Commerce_Craze

  1. What is money?
    Ans – Money is Commanly acceptable instrument that is used to exchange goods and services.
  2. How many currencies are there in the World?
    Ans – There are 180 currencies in the World.
  3. How many sectors of Credit are there in India?
    Ans – There are mainly two sectors of Credit in India. Formal Sector and Informal sector.
  4. Howa Bank earn their profit?
    Ans – Banks earns profit by providing loans at higher rate. It gives interest to depositors and charges interest from borrowers. The difference between the amount of interest given and charged is its profit.

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