Money and Credit 

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Last updated 12:22 PM on 8/2/21
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6 Terms

1
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Credit
What is the activity of borrowing and lending money between two parties? Answer with a single words or term.
2
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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
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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
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Reserve bank of India
What is the national bank that oversees the formal sector? Answer with a single words or term.
5
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Cheques
Advantages:- What are a lot easier to carry than money? Answer with a single words or term.
6
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Cheques
________ reduce a lot of risks.