What is the exact defination of …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Shakeel Ahmed 7 years, 5 months ago
- 1 answers
Test
Related Questions
Posted by Sudhanshu Choudhry 1 year, 8 months ago
- 1 answers
Posted by Shristi Pandey 4 months, 4 weeks ago
- 0 answers
Posted by Anisha Grover 6 months, 3 weeks ago
- 0 answers
Posted by Sai Sravika Godavarthi 6 months, 4 weeks ago
- 1 answers
Posted by Vansh Singh 1 year, 8 months ago
- 1 answers
Posted by Armaan Ali 1 year, 8 months ago
- 1 answers
Posted by Kapil Dev Saroye 1 year, 8 months ago
- 0 answers
Posted by Chirag Jindal 1 year, 8 months ago
- 0 answers
Posted by Siddhanth Aravind 1 year, 4 months ago
- 0 answers
Posted by Sakshi Patel 3 months, 3 weeks ago
- 1 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Yogita Ingle 7 years, 5 months ago
Money: Money is a means by which we can get something in exchange. Initially, coins came into use. The coins were initially made of precious metals; like gold and silver.
Credit: Banks keep a small proportion of their deposits as cash with themselves. This is usually 15% of their deposits as cash. This amount is kept as provision to pay the depositors who may come to withdraw the money on any day. This amount is enough because only a small fraction of people come to withdraw money on a given day. The rest of the amount is used by the banks to give money on credit to people who need the credit.
1Thank You