Question

Answer these question please

Answer 1

1.the exchange of goods and serviceof the demand is called bartar system
2.the exchange of goods and services that the both parties i.e buyer nd sellers that we want is called double coincidance of wants
3.money is the form of curancey throrugh money that we purchase any commidities
money solve the double coincidance because money is easily aceptable
4.credit is an agreement in which lender and borrower gave money and promise for the future payment
the credit are two type
a.formal source of credit
b.informal source of credit
5.formal sector is run by the government and in this sector low rate of interest
example.banks and cooperative societies
6.paper notes and traditional coins
7. function of money is
a. money is easily aceptable
b. money solve the problem of double coincidance of wants
8. needs for credit in rural india
a.in credit the farmer expand their business for crop prodution
b.in rural india farmer purchase inputs such as pesticides, tracter,etc
c.farmer need credit for hired lawyer
9.the fuction of rbi is
1 the rbi control and supervise the functioning of formal source of credit
2.rbi check credit not for high industrialist and rich businessman but they give loan for small cultivator
3. the formal source of credit for the country'sdevelopment
10self help groups are those groups which give help for needy people specially women
the function of shg
1 in shg there are 15 to 20 member and they help to each other
2.shg is average money $100 and they gave all money on condition
plz marks as a brainlist
hope u get help

Answer 2

1 A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return

2 The coincidence of wants lacking a medium of exchange, which have to rely on barter or other in-kind transactions. Double coincidence of wants means that the both the parties have to agree to sell and buy each commodities

3.(i) In the barter system, there was a problem of double coincidence of wants. It was very difficult to match the expectations of two different individuals. Thus, money was invented to overcome the problem of double . coincidence of wants.
(ii) When there was no money, it was difficult to give common unit of value to goods or commodities, but when money was evolved, it gave a common unit of value to every goods and services.
(iii) Money facilitates the contractual future payments which were impossible at the time of barter system.

4.