NCERT Solutions For Class 10 Social Science Economics Chapter 3

 

money and credit

NCERT Solutions for Class 10 Social Science Economics Chapter 3, ‘Money and Credit’ explains students on Money as a medium of exchange, modern forms of money, bank lending activities, formal credit sector in India and SHG formation.

Money and Credit - Class 10 NCERT Solutions 

Money helps us in avoiding the “double coincidence” of needs as required by a barter economy, by enabling specialization. Along with money, credit too plays an important role, for instance, if anyone purchases on a credit card – a bank effectively pay on his behalf – anticipating he will pay back the amount to the credit card company in six weeks' time. Given below are subjective type questions & answers on ‘Money and Credit- Class 10 NCERT’ for your reference.

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