Q.2.Suggest an economic term for the given statements:
1) The act of exchanging goods for goods -
2) Provision for making payments in future - ....
3) System that makes use of currency for facilitating payments - ......
4) Credit instrument through which bank deposits are
transferable - .......
5) Monetary value stored and transferred
electronically by means of computer hard drive or
servers -
6) Money not accounted for in the bank and not disclosed to the government - ..
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Answer:
- Barter system
- Investment
- Credit card
- ATM
- Black money
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