Please answer the following questions from the chapter MONEY AND CREDITS ( eco... class-10th)
Q1. How demand deposits are accepted as a medium of. payments?
Q2. What is the source of income for the banks? Explain the points in brief.
Q3. Define the terms: (i) Collateral (ii) Debt-trap.
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rajeswar:
if you want to answer you are free to if you don't want to then stop commenting foolish things ok
yeah
hey u purpura first of all read the book ..
u might understand it better than someone else
explaining you
and u rajesh u have no rights to comment on anyone
i didn't get so I asked
that's it
and if there is a problem in asking the doubts.... then we should leave this app then
rajeshwar said ryt thing...
Answers
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1) dd are accepted as money because one of their feature,cheque, help in transaction without money....they eliminate the use of money...
2)banks charge higher interest on loan than on deposits...this difference is the source of income for banks....
3) collateral is the property owned by the borrower (land, vehicle, deposit etc) which is given as assurance to the giver for the credit taken...if loan not related the giver can sell these or own these to get back his credit
Debt trap is one when people get more and more loan and the interest rate also increases but they are not able to pay it back...
Hope it helps ....mark as brainliest... pls PLS please
2)banks charge higher interest on loan than on deposits...this difference is the source of income for banks....
3) collateral is the property owned by the borrower (land, vehicle, deposit etc) which is given as assurance to the giver for the credit taken...if loan not related the giver can sell these or own these to get back his credit
Debt trap is one when people get more and more loan and the interest rate also increases but they are not able to pay it back...
Hope it helps ....mark as brainliest... pls PLS please
hey dear your answer is also a fabulous one
thanks....
nice answer
Answered by
2
Here's are your answers-:
i)Deposits in a bank which are payable on demand are called demand deposits. It also provides the facility of medium of exchange which is a function of money, when payments are made by cheques.
ii)Banks provide various loans and advances to industries, corporates and individuals. The interest received on these loans is their main source of income. 2 Interest on investments: Banks invest in various government and rated securities, and earn interest and dividends from these investments.
iii) collateral is a type of proof in which you have to deposit the bank some of you properties as a proof if you want to borrow money from the bank.
Debt trap-:A situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principle
i)Deposits in a bank which are payable on demand are called demand deposits. It also provides the facility of medium of exchange which is a function of money, when payments are made by cheques.
ii)Banks provide various loans and advances to industries, corporates and individuals. The interest received on these loans is their main source of income. 2 Interest on investments: Banks invest in various government and rated securities, and earn interest and dividends from these investments.
iii) collateral is a type of proof in which you have to deposit the bank some of you properties as a proof if you want to borrow money from the bank.
Debt trap-:A situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principle
Hope it helped you...........................
yup
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Thanks yaar
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yaar a small mistake i did
itin third point it's your* properties
ok
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