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प्रश्न
Why one cannot refuse a payment made in rupees in India?
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उत्तर
No one can refuse a payment made in rupees in India as law legalises the use of rupee as a medium of payment.
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संबंधित प्रश्न
How does money act as a medium of exchange?
Why is modern currency accepted as a medium of exchange without any use of its own? Find out the reason.
Which one of the following refers to investment?
(A) The money spent on religious ceremonies
(B) The money spent on social customs
(C) The money spent to buy assets such as land
(D) The money spent on household goods
How do the deposits with banks become their source of income?
What is the meaning of 'barter system'?
Which one of the following is the appropriate meaning of collateral?
How is money used in everyday life? Explain with examples.
In situations with high risks, credit might create further problems for the borrower. Explain.
How does money solve the problem of double coincidence of wants? Explain with an example of your own.
Explain the meaning of 'Currency'.
