Money and Credit
0.0(0)
Studied by 1 person
View linked note
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/5
There's no tags or description
Looks like no tags are added yet.
Last updated 12:22 PM on 8/2/21
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
6 Terms
1
New cards
Credit
What is the activity of borrowing and lending money between two parties? Answer with a single words or term.
2
New cards
cheque
A(n) ________ is a piece of paper instructing the bank to pay the money from the persons account to the person the check has been issued to.
3
New cards
Modern Currency
The reserve bank of India issues currency, no other company is allowed to issue currency. What is accepted because the government has issued it? Answer with a single words or term.
4
New cards
Reserve bank of India
What is the national bank that oversees the formal sector? Answer with a single words or term.
5
New cards
Cheques
Advantages:- What are a lot easier to carry than money? Answer with a single words or term.
6
New cards
Cheques
________ reduce a lot of risks.
