define hundis and chitti
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Answer:A hundi is a financial instrument like of today's cheque or promissory note, which was developed in Medievel India for the use of trade and credit transactions. It is described as the unconditional order in writing by the Reserve Bank of India. It is used as a transfer instrument for money. On the other hand Chitti is a type of promissory note of today's generation.
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Explanation:
these were financial instruments used in
ancient India
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