File Name: money and credit notes .zip
Learning the important concepts is very important for every student to get better marks in examinations. The concepts should be clear which will help in faster learning. Money: Anything chosen by common consent as a medium of exchange. Demand Deposits : Deposits in the bank account that can be withdrawn on demand.
Download revision notes for Economics-Money and Credit class 10 Notes and score high in exams. These are the Economics-Money and Credit class 10 Notes prepared by team of expert teachers. The revision notes help you revise the whole chapter in minutes. Revising notes in exam days is on of the best tips recommended by teachers during exam days. A person holding money can exchange it for any commodity or service that he or she might want. Thus everyone prefers to receive payments in money and then exchange the money for things that they want.
In modern economy, money is work as an intermediary. It is used as a medium of exchange for goods and services. It is also used for payment of debts. Before the introduction of money, Indians used grains and cattle as money. In this system goods and services was exchanged for another goods and services. It was also known as CC economy i.
the money to which they refer. Other claims, of course, such as notes issued by banks of doubtful credit or bills that are not yet mature, also enter into financial.
The reason as to why transactions are made in money is that, a person holding money can easily exchange it for any commodity or service that he or she wants. Double coincidence of wants: When in the exchange, both parties agree to sell and buy each others commodities it is called double coincidence of wants. In the barter system double coincidence of wants is an essential feature.
We are moving towards the upcoming examinations, almost all the academic institutions of It is important to capture this element for the students. The intend of this article is to share the best suggestions and guidelines to utilize the extra 15 minutes provided for reading the question paper in CBSE Board Examination. High Order The competition is held online on the website www.
Money by itself has no utility. It is only an intermediary. The use of money facilitates exchange.
Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning. Till last year, the window for Practical Examinations was provided from 1st January to 7th February. However, this
If you go through the Class 10 Economics Chapter 3 Notes, you will find that money is termed as the medium of exchange for it operates as an intermediate in the exchange procedure. A person can easily exchange money for any goods or services. The Modern Form of Money. After that period, various metallic coins such as gold, silver, copper came into existence as the medium of exchange.
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