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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?
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 can money easily exchange it for goods or services? Give example to explain.
What is the meaning of 'barter system'?
Explain with examples how people are involved with the banks.
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.
Analyse the role of credit for development.
Explain the meaning of 'Currency'.
How does the use of money make it easier to exchange things? Give an example.
