Question

Fill in the Blanks
1. …………. implies the direct exchange of goods against goods without the use of money.
2. …………. may be defined as anything which is generally accepted by people in exchange of goods and services or in repayment of debts.
3. In India, the law legalises the use of …………. as a medium of payment that cannot be refused in settling any transaction.
4. Money as a medium of exchange has removed the problem of …………. of wants.
5. Modern forms of money include currencies which are …………. and ………….
6. …………. help in pooling the savings of their members, who are poor women to meet their credit needs.
7. The share of formal sector credit is …………. for the richer households as compared to the poor households in India.
8. Absence of …………. as a guarantee is a major cause that prevents poor people from obtaining loans from formal sector sources, such as commercial banks.

Answer 1

Answer:

1:Bartar system: implies direct exchange of goods against goods without the use of money.

2:Money: may be dedined as anything which is generally accepted by people in exchange of goods and services or in repayments of debts.

3:Rupee as a medium of payment that cannot be refused in settling in any transactions.

4:Double coincidence of wants.

5: paper notes and coins.

6:Self Help Group .

7:higher: for the richer households because poverty affects poor households capacity to borrow.

8:Collateral.

I hope it can help you:)))

Answer 2

Explanation:

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