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प्रश्न
Explain with examples how people are involved with the banks.
उत्तर
People are involved with the banks in the following ways:
Banks are essential for money transaction everywhere.
Banks help in providing employment to the people.
People can safely keep their jewellery and other valuables in the bank lockers.
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संबंधित प्रश्न
How does money act as a medium of exchange?
Which one of the following refers to investment?
(A) The money spent on religious ceremonies
(B) The money spent on social customs
(C) The money spent to buy assets such as land
(D) The money spent on household goods
How do the deposits with banks become their source of income?
How can money easily exchange it for goods or services? Give example to explain.
Describe the vital and positive role of credit with examples.
How does money solve the problem of double coincidence of wants? Explain with an example.
In situations with high risks, credit might create further problems for the borrower. Explain.
How does money solve the problem of double coincidence of wants? Explain with an example of your own.
Analyse the role of credit for development.
Explain the meaning of 'Currency'.
