System of exchanging goods for goods is called :
Banks use the major portion of the deposits to ______.
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Terms of credit are with respect to :
Credit or loan refers to an agreement between :
In rural areas, the main demand for credit is for ________.
An asset that the borrower uses as a repayment guarantee to a lender is termed as a :
Which of the following is an example of collateral?
Which of the following are examples of informal sector loans?
Rate of interest charged by moneylenders as compared to that charged by banks is :
Which one of the following is a formal source of credit?
What is the main function of modern currency?
What is the primary function of collateral in a loan agreement?
What is an example of collateral used for borrowing?
Assertion (A): Money serves as a medium of exchange, unit of account, and store of value.
Reason (R): Credit facilitates borrowing and lending, contributing to economic activities.
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64 videos|445 docs|87 tests
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