Money and Credit
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MONEY and CREDITS

279723 Assertion (A): The modern currency is used as a medium of exchange; however, it does not have a use of its own. Reason (R): Modern currency is easy to carry

1 Both assertion and reason are true, and reason is the correct explanation of assertion.
2 Both assertion and reason are true, but reason is not the correct explanation of assertion.
3 Assertion is true, but reason is false.
4 Both assertion and reason are false. 1Mark
MONEY and CREDITS

279724 It is important that the formal credit is distributed more equally so that:

1 The rich can benefit from the cheaper loans.
2 The poor can benefit from the cheaper loans.
3 The women can benefit from the cheaper loans.
4 None of the above. 1Mark
MONEY and CREDITS

279725 Most loans from informal lenders carry a very high interest rate and do little to:

1 Do anything for the poor.
2 Pay the loans.
3 Increase the income of the borrowers.
4 None of the above. 1Mark
MONEY and CREDITS

279726 …………Refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment.

1 Debit.
2 Cash transaction.
3 Credit.
4 Tradea. 1Mark
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MONEY and CREDITS

279723 Assertion (A): The modern currency is used as a medium of exchange; however, it does not have a use of its own. Reason (R): Modern currency is easy to carry

1 Both assertion and reason are true, and reason is the correct explanation of assertion.
2 Both assertion and reason are true, but reason is not the correct explanation of assertion.
3 Assertion is true, but reason is false.
4 Both assertion and reason are false. 1Mark
MONEY and CREDITS

279724 It is important that the formal credit is distributed more equally so that:

1 The rich can benefit from the cheaper loans.
2 The poor can benefit from the cheaper loans.
3 The women can benefit from the cheaper loans.
4 None of the above. 1Mark
MONEY and CREDITS

279725 Most loans from informal lenders carry a very high interest rate and do little to:

1 Do anything for the poor.
2 Pay the loans.
3 Increase the income of the borrowers.
4 None of the above. 1Mark
MONEY and CREDITS

279726 …………Refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment.

1 Debit.
2 Cash transaction.
3 Credit.
4 Tradea. 1Mark
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MONEY and CREDITS

279723 Assertion (A): The modern currency is used as a medium of exchange; however, it does not have a use of its own. Reason (R): Modern currency is easy to carry

1 Both assertion and reason are true, and reason is the correct explanation of assertion.
2 Both assertion and reason are true, but reason is not the correct explanation of assertion.
3 Assertion is true, but reason is false.
4 Both assertion and reason are false. 1Mark
MONEY and CREDITS

279724 It is important that the formal credit is distributed more equally so that:

1 The rich can benefit from the cheaper loans.
2 The poor can benefit from the cheaper loans.
3 The women can benefit from the cheaper loans.
4 None of the above. 1Mark
MONEY and CREDITS

279725 Most loans from informal lenders carry a very high interest rate and do little to:

1 Do anything for the poor.
2 Pay the loans.
3 Increase the income of the borrowers.
4 None of the above. 1Mark
MONEY and CREDITS

279726 …………Refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment.

1 Debit.
2 Cash transaction.
3 Credit.
4 Tradea. 1Mark
For More Updates join with Us
MONEY and CREDITS

279723 Assertion (A): The modern currency is used as a medium of exchange; however, it does not have a use of its own. Reason (R): Modern currency is easy to carry

1 Both assertion and reason are true, and reason is the correct explanation of assertion.
2 Both assertion and reason are true, but reason is not the correct explanation of assertion.
3 Assertion is true, but reason is false.
4 Both assertion and reason are false. 1Mark
MONEY and CREDITS

279724 It is important that the formal credit is distributed more equally so that:

1 The rich can benefit from the cheaper loans.
2 The poor can benefit from the cheaper loans.
3 The women can benefit from the cheaper loans.
4 None of the above. 1Mark
MONEY and CREDITS

279725 Most loans from informal lenders carry a very high interest rate and do little to:

1 Do anything for the poor.
2 Pay the loans.
3 Increase the income of the borrowers.
4 None of the above. 1Mark
MONEY and CREDITS

279726 …………Refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment.

1 Debit.
2 Cash transaction.
3 Credit.
4 Tradea. 1Mark