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प्रश्न
State with reason whether you agree or disagree with the following statement:
Money can be sent anywhere through electronic means.
पर्याय
Agree
Disagree
उत्तर
Yes, I Agree with this statement.
Reasons:
- Plastic Money: Due to advanced technology, plastic Money is easy to use in transactions. Debit cards and credit cards are used as plastic money. Further innovation in smart transactions led to the introduction of electronic money.
- Electronic Money: E-money or Electronic money is a monetary value that is stored and transferred electronically through various means, i.e., mobile phone, tablet. Smart card computer etc. It is backed by Central Bank.
- Digital wallets: Electronic money used for purchases and transactions globally. Digital wallets are also a form of stored electronic money.
APPEARS IN
संबंधित प्रश्न
Complete the correlation
_________ : Basis of Credit :: Secondary function of money : Standard of deferred payments.
Complete the correlation
Commodity money : Shells ::__________ : Credit card.
Complete the correlation
Divisibility : Smaller denominations :: __________ Easy to carry from one place to another
Suggest an economic term for the given statement:
Credit instrument through which bank deposits are transferable - _________
Suggest an economic term for the given statement:
Monetary value stored and transferred electronically by means of computer hard drive or servers - _________
Suggest an economic term for the given statement:
Money not accounted for in the bank and not disclosed to the government -________
Identify and explain the concept from the given illustration:
Babanrao deposits his money in a nationalized bank.
Identify and explain the concept from the given illustration:
Charu used her debit card to purchase a shirt for her younger brother.
Identify and explain the concept from the given illustration:
Malathi purchased a house through an agent. The agent accepted the commission in cash but did not issue a receipt to her.
Identify and explain the concept from the given illustrations:
To prevent misuse/fraudulent use of the national currency, a note ban is imposed on its use at certain times.
Answer the following question on the basis of the following information:
Ganesh travelled to the mall by bus. He gave the conductor ₹ 10 coins for the ticket. He purchased many commodities from the mall.
At the billing counter, he gave his credit card for payment but the billing clerk informed him that only debit cards were accepted. Since Ganesh had forgotten his debit card at home, he offered to make payment in cash.
1) Identify the types of money used in the information.
2) Explain any two of them.
______ implies demand deposits with banks.
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Demand deposits with Commercial banks cannot act as money.
Reason (R): Bank money refers to bank demand deposits.
Distinguish between standard money and bank money.
Explain various stages in the evolution of money.
