How does money act as a medium of exchange?
How is money used in everyday life? Explain with examples.
Why one cannot refuse a payment made in rupees in India?
How do the deposits with banks become their source of income?
How does money solve the problem of double coincidence of wants? Explain with an example.
Why is modern currency accepted as a medium of exchange without any use of its own? Find out the reason.
Explain with examples how people are involved with the banks.
"Cheap and affordable credit is crucial for the country's development." Assess the statement.