Advertisements
Advertisements
प्रश्न
Why one cannot refuse a payment made in rupees in India?
Advertisements
उत्तर
No one can refuse a payment made in rupees in India as law legalises the use of rupee as a medium of payment.
APPEARS IN
संबंधित प्रश्न
How does money act as a medium of exchange?
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?
How can money easily exchange it for goods or services? Give example to explain.
Describe the vital and positive role of credit with examples.
How is money used in everyday life? Explain with examples.
Explain with examples how people are involved with the banks.
How does money solve the problem of double coincidence of wants? Explain with an example of your own.
Analyse the role of credit for development.
How does the use of money make it easier to exchange things? Give an example.
