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"Bank are efficient medium of exchange …

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"Bank are efficient medium of exchange support the statement .

Posted by Vaishali Chand 6 years, 4 months ago

CBSE > Class 10 > Social Science

2 answers

Dheeraj Shukla 6 years, 4 months ago

Bcoz it exchange money or gives loan

2Thank You

Asmilo Hall 6 years, 4 months ago

Yes Banks Can Be Efficient Medium Of Exchange. 1)We Can Deposit Money And Receive Interest. 2)We Can Give Any Land Or Property As Security and Receive Money Instead Of It. 3)We Can Sell Gold or other Ornaments and Receive money.

4Thank You

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CBSE > Class 10 > Social Science