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प्रश्न
Give reason or explain.
Money is the basis of credit.
उत्तर
The commercial banks create credit in the economy through deposits. Money facilitates the functioning of credit instruments such as cheques, promissory notes, bills of exchange, etc. Such credit instruments facilitate transfer of value from one person to another. In this way. money forms the basis of credit.
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संबंधित प्रश्न
In the case of token coins, intrinsic value is less than their face value.
Explain the ‘store of value’ function of money. How has solved the related problem created by barter?
D-mat account is useful to investors who deal in shares.
Distinguish between the following.
Standard coins and Token coins.
State whether the following statement is true or false :
Token coins are such coins whose face value is greater than their intrinsic value.
Define or explain the following concept.
Token coins.
Distinguish between
Convertible paper money and inconvertible paper money
Give reason or explain.
Money works as a store of value.
The functions of money are that it is a ______.
