MONEY AND CREDIT CLASS X

Front

When a person wants to sell exactly what the other person wants to buy. This situation is known as:

Back

Double coincidence of wants

Front

What is the form of money in medieval period?

Back

Metallic Coins

Front

Who is the founder of Grameen Bank of Bangladesh?

Back

Mohammad Yunus

Front

What prevents the poor from getting bank credit?

Back

absence of collateral

Front

Debt-trap means:

Back

Increasing debt

Front

What is an important characteristic of modern currency?

Back

It is authorized by the Government of the country

Front

Money can be best described as

Back

Medium of exchange

Front

An asset that the borrowers own, and use this as a guarantee to the lender, until the loan is repaid.

Back

Collateral

Front

Reserve Bank of India grants loans to

Back

Commercial Banks

Front

Number of Reserve Banks in a country is

Back

One