Social Sciences, asked by pallesreedharkumar, 4 months ago

why did people started using hundis

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Answered by Anonymous

4

Answer:

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Explanation:

Hundi/Hundee 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.

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