Project on money and credit
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*money acts as a medium of exchange
*money is assured and guaranteed by Reserve Bank of india
*the value of money is same everywhere
*no one can refuse the transaction of money
*formal credit:1)documents are required.
2)low rate of intrest
*informal credit:1)no documents are required
2)high rate of intrest
*money is assured and guaranteed by Reserve Bank of india
*the value of money is same everywhere
*no one can refuse the transaction of money
*formal credit:1)documents are required.
2)low rate of intrest
*informal credit:1)no documents are required
2)high rate of intrest
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credit card also giving ATM money money is there any time machine it is useful of money to save the money to store the money it is the ATM.
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