Economics
M. Salim wants to withdraw Rs 20,000 in cash for making payments. How would he write a cheque to withdraw money?
Related Questions
How does the use of money make it easier to exchange things?
Can you think of some examples of goods/services being exchanged or wages being paid through barter?
Tick the correct answer. After the transaction between Salim and Prem,
- Salim's balance in his bank account increases, and Prem’s balance increases.
- Salim's balance in his bank account decreases and Prem’s balance increases.
- Salim's balance in his bank account increases and Prem’s balance decreases.
Why are demand deposits considered as money?