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People deposits surplus money with the banks because in this way their money is safe and it earns an interest too.
In India, Reserve Bank of India issues currency notes on behalf of the central government.
Because it is unauthorised by the government of country e.g. Indian Government.
Basic feature is that both parties agree to sell and buy each other's commodities. It is practiced in Barter system.
Basic feature is that both parties agree to sell and buy each other’s commodities. It is practiced in Barter system.
Transaction are made in money because a person holding money can easily exchange it for any commodity or services that he as she might want.
Why do people deposit money with the bank?
People deposits surplus money with the banks because in this way their money is safe and it earns an interest too.
People deposits surplus money with the banks because in this way their money is safe and it earns an interest too.
See lessWhich authority issues currency notes in India?
In India, Reserve Bank of India issues currency notes on behalf of the central government.
In India, Reserve Bank of India issues currency notes on behalf of the central government.
See lessWhy is currency accepted as a medium of exchange?
Because it is unauthorised by the government of country e.g. Indian Government.
Because it is unauthorised by the government of country e.g. Indian Government.
See lessWhat is the basic feature of double coincidence of wants? In which system is it practiced?
Basic feature is that both parties agree to sell and buy each other's commodities. It is practiced in Barter system.
Basic feature is that both parties agree to sell and buy each other’s commodities. It is practiced in Barter system.
See lessWhy are transactional made in money?
Transaction are made in money because a person holding money can easily exchange it for any commodity or services that he as she might want.
Transaction are made in money because a person holding money can easily exchange it for any commodity or services that he as she might want.
See less