Social Science: Money and Credit - Role of Money in an Economy

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Explain with examples how people are involved with the banks.

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Solution

People are involved with the banks in the following ways:

Banks are essential for money transaction everywhere.

Banks help in providing employment to the people.

People can safely keep their jewellery and other valuables in the bank lockers.

Concept: Role of Money in an Economy
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2013-2014 (March) Delhi Set 3
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