Business Studies, asked by shettyadi20023, 10 months ago

what is mean by hundi​

Answers

Answered by BiswaShresikha
5

Answer:

its a language

which is speaken in INDIA

Answered by shaun5
30

Explanation:

hundi is is a financial instrument that developed in Medieval India for use in trade and credit transactions. Hundis are used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money and as a bill of exchange in trade transactions. The Reserve Bank of India describes the Hundi as "an unconditional order in writing made by a person directing another to pay a certain sum of money to a person named in the order".

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