Question

How were the different types of Hundi in use by trades in ancient times?​

Answer 1

Answer:

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1) Sahyog Hundi: This is drawn by one merchant on another, asking the latter to pay the amount to a third merchant. 2) Darshani Hundi: This is a hundi payable on sight. 3) Muddati Hundi: A muddati or miadi hundi is payable after a specified period of time.

Answer 2

How were the different types of Hundi in use by trades in ancient times?