how to make a project on money and credit in 7 pages
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u should see it on Google images. it is given in detail
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Money
Money is a means by which we can get something in exchange. Initially, coins came into use. The coins were initially made of precious metals; like gold and silver. When the precious metals became too precious, ordinary metals were being used for making coins. Paper money or currency notes gradually took place of coins; although coins of smaller denominations are still in use.
The currency notes and coins are issued by the government of an authorized body. In India, the RBI (Reserve Bank of India) issues currency notes. On the Indian currency note, you can find a statement which promises to pay the bearer the amount which is mentioned on the currency note.
Advantages of Money:
Removes the coincidence of wants.Takes less storage space and is easier to carry.Liquidity of currency is easier.Now-a-days; many instruments are available through which it is not necessary to physically carry the currency.
Credit/Debit Cards: Now-a-days, credit/debit cards are in vogue. A debit card allows you to make payments from the amount which is lying in your bank account. A credit card, on the other hand, provides money on credit. Payment through credit/debit card is done electronically and this removes the need of carrying cash
Money is a means by which we can get something in exchange. Initially, coins came into use. The coins were initially made of precious metals; like gold and silver. When the precious metals became too precious, ordinary metals were being used for making coins. Paper money or currency notes gradually took place of coins; although coins of smaller denominations are still in use.
The currency notes and coins are issued by the government of an authorized body. In India, the RBI (Reserve Bank of India) issues currency notes. On the Indian currency note, you can find a statement which promises to pay the bearer the amount which is mentioned on the currency note.
Advantages of Money:
Removes the coincidence of wants.Takes less storage space and is easier to carry.Liquidity of currency is easier.Now-a-days; many instruments are available through which it is not necessary to physically carry the currency.
Credit/Debit Cards: Now-a-days, credit/debit cards are in vogue. A debit card allows you to make payments from the amount which is lying in your bank account. A credit card, on the other hand, provides money on credit. Payment through credit/debit card is done electronically and this removes the need of carrying cash
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