Introduction for money and credit project
Answers
Money is the solitary such resource
Upon which the social upbringing of a certain person depends. Money is can be regarded as the practical force of the Almighty in this money centric realm of nowadays. This money has another face, that face can be regarded as credit. Credit is the quick money acquired by the needy which is mostly returned to the initial finance maker. Either of the aforesaid cannot exist sans each of them.
Money and Credit
Money has become a daily necessity these days... Money has played a great role from the beginning of civilisation... It has taken different forms from, cattle, and food grains, to gold and silver coins, to paper notes... (We shall learn it's significance and birth of money in the project...) Credit stands for the agreement where the lender provides the borrower with money, with a promise of future payment... Credit has been one of the main pillars for the development of a country... It's regulated by a single powerful governmental institution like the RBI in India, which when expanded is, Reserve Bank of India... There are a few parameters to obtain credit... It can also be obtained from different sources too... (both of which would be discussed in the following pages of this project )
[I hope this suffices... The italicised text in the brackets can be ignored if you are not writing this for a project]