2. Tick the correct answer.
After the transaction between Salim and Prem,
(1) Salim's balance in his b
ank account increases, and Prem's balance increases.
(ii) Salim's balance in his bank account decreases and Prem's balance increases.
(iii) Salim's balance in his bank account increases and Prem's balance decreases.
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Class 10 economics..
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Answer:
Right option is (iii)
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After the transaction between Salim and Prem,
- Salim's balance in his bank account increases and Prem's balance decreases.
- Option (iii) is the correct answer.
Assuming: Salim is the receiver.
- After the transaction between two person, the person transferring money from his bank account to the other person's account then the account balance of the person transferring money will decrease and the account balance of the person receiving money will increase.
- Similarly, After the transaction between Salim and Prem, Prem transfers money from his bank account to Salim's bank account then the account balance of Prem's decreases and the account balance of Salim's increases.
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