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CBSE Notes 2011-2012 » X-Social Science-Term2

Money and Credit

Money acts as an intermediate in the exchange process. Which function of money is highlighted here ?

Multiple choice question

Money acts as an intermediate in the exchange process. Which function of money is highlighted here ?

Money is accepted as a medium of exchange because the currency is authorised by

Multiple choice question

Money is accepted as a medium of exchange because the currency is authorised by

Who issues currency notes on behalf of the central government ?

Multiple choice question

Who issues currency notes on behalf of the central government ?

Deposits in the bank accounts can be withdrawn on demand, therefore these deposits are called

Multiple choice question

Deposits in the bank accounts can be withdrawn on demand, therefore these deposits are called

It is a paper instructing the bank to pay a specific amount from the person's account to the person ...

Multiple choice question

It is a paper instructing the bank to pay a specific amount from the person's account to the person in whose name it has been made is

Banks use the major portion of the deposits to

Multiple choice question

Banks use the major portion of the deposits to

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