File Name: money and credit class 10 notes .zip
Learning the important concepts is very important for every student to get better marks in examinations. The concepts should be clear which will help in faster learning. Money: Anything chosen by common consent as a medium of exchange. Demand Deposits : Deposits in the bank account that can be withdrawn on demand. Reserve Bank of India : It is the central bank of India which controls the monitory policy of the country. It also control and supervises all the commercial banks in India. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education.
CBSE Class 10 Understanding Econimic Development Revision Notes Chapter 3 Money and Credit are one of the most important tools in study material that students can get as it will aid them to study properly and reduce any stress that they face during the academic year before. SelfStudys provides chapter-wise Understanding Econimic Development Revision Notes and short key notes for the CBSE board examination in free downloadable PDF format so students can practice it for their studies and get better in their board examinations. These core subjects can be very difficult for students and the revision notes for every chapter will enable them to have a skilful studying pattern with which they can achieve so much better and also enjoy studying the subject. Last-minute revision is never easy. They provide students with an additional edge and help boost confidence before appearing for their examinations. The CBSE Understanding Econimic Development Revision Notes Chapter 3 Money and Credit have been widely compiled by teachers with close to 15 years of experience and after studying the last ten years of examination papers. Further, they are all made with the latest educational year's subject material so that any deviation in the syllabus is considered as well.
Back to Lesson. Money Money can be defined as anything that act as medium of exchange, store of value and unit of accounting to facilitate the economic activities and transactions. Currency — paper notes and coins, Demand Deposits, Bankers Cheque. Barter system and the need of money. Formal and Informal sources of Credit The sources of credit are categorised as formal and informal sources of credit.
The reason as to why transactions are made in money is that, a person holding money can easily exchange it for any commodity or service that he or she wants. Double coincidence of wants: When in the exchange, both parties agree to sell and buy each others commodities it is called double coincidence of wants. In the barter system double coincidence of wants is an essential feature. Demand Deposits in Bank: Deposits in the bank account that can be withdrawn on demand. People need only some currency for their day to day needs. For instance workers who receive their salaries at the end of each month, have some extra cash.
Overview i Money is a fascinating subject. The modern coins are not made with the precious metals like gold, silver. The real values of the modern coins are less than its face value. Currency notes are also used as a medium of exchange in modern economy. The currency notes are made with paper. The real values of the currency notes are less than its face value. So, it is used as a medium of exchange and accepted by the others.
Download CBSE Class 10 Economics chapter 3 notes PDF for free to score more marks in your exams, prepared by our expert Social science history teachers.
Study notes and practice Money And Credit sample question paper to score high in school board exams. The Class 10 Social Science subject is purely theoretical. Chapter-3— Money and Credit, The following page provides you NCERT book solutions for class 10 social science, social science class 10 notes in pdf are also available in the related links between the text. Money does away with this tedious and complex situation by acting as a medium of exchange that can be used for one and all commodities.
If you go through the Class 10 Economics Chapter 3 Notes, you will find that money is termed as the medium of exchange for it operates as an intermediate in the exchange procedure. A person can easily exchange money for any goods or services. The Modern Form of Money. After that period, various metallic coins such as gold, silver, copper came into existence as the medium of exchange. In the present day, the modern form of money is circulated as currency-paper notes and coins.
Economics Money and Credit Hindi.