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प्रश्न
Distinguish between currency and deposit money.
फरक स्पष्ट करा
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उत्तर
| Basis | Currency | Deposit money |
| Definition | Currency notes refer to paper money. | Deposit money refers to the deposits held with the banks on the basis of which cheques could be drawn. |
| Issuer | In India, currency is issued by the Reserve Bank of India (RBI). | It is created when customers deposit money into bank accounts. |
| Nature | It is physical and tangible. | It exists in the form of bank records and can be used via cheques, cards, etc. |
| Intrinsic Value | Currency notes have very little intrinsic value. | Deposit money represents actual value deposited and is transferable. |
| Usage | Used directly for transactions. | It is used for transactions through banking instruments like cheques or transfers. |
| Liquidity | Most liquid form | Highly liquid, but requires bank access |
| Transferability | Hand-to-hand exchange. | Transfer through cheques, debit cards, and online methods. |
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