How were Hundis used? What was the advantage using them
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Hundis were the financial instruments that were evolved on the Indian subcontinent and it was used in the trade and credit transactions. ... However, the main advantage of hundis was that it made the trade easier and reduced the risk of robbery because due to the hundis, people rarely carry a big amount (money) with them.
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Explanation: Hundis were the financial instruments that were evolved on the Indian subcontinent and it was used in the trade and credit transactions. ... However, the main advantage of hundis was that it made the trade easier and reduced the risk of robbery because due to the hundis, people rarely carry a big amount (money) with them
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