How are the modern forms of money - currency and deposits - closely linked to the working of modern banking system?
It's from Class 10 economics chapter Money and Credit!
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Mordern forms of democracy include paper money and coins
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siah8:
that didn't help. I too have that book with me. I needed a point wise answer.! anyways thanks.
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here's your answer mate
Answer: The modern forms of money include currency and deposits in bank.Currency which are paper notes and coins in form has been authorised by the govt. of India. Though they are not made from precious metal or of everyday use but being legalised by the RBI these act like medium of exchange in settling transactions smoothly.
Answer: The modern forms of money include currency and deposits in bank.Currency which are paper notes and coins in form has been authorised by the govt. of India. Though they are not made from precious metal or of everyday use but being legalised by the RBI these act like medium of exchange in settling transactions smoothly.
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