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Hundi

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Hundi

Posted by Deepali Chaudhary 4 years, 7 months ago

CBSE > Class 11 > Business Studies

1 answers

Sia ? 4 years, 7 months ago

Hundi/Hundee is a financial instrument that developed in Medieval India for use in trade and credit transactions. Hundis are used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money and as a bill of exchange in trade transactions.

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