Home › CBSE Class 12 (Commerce) › Business Studies › Business Environment › A cash-lite economy channels more savings throug…
A cash-lite economy channels more savings through the:
Areal estate deals
Bgold trading market
Cinformal money lenders
Dformal financial system
Answer & Solution
Correct answer: D. formal financial system
A less-cash economy moves savings into banks and formal finance, improving tax compliance.
Related questions
What did the MRTP Act amendment do for large companies?The World Bank Structural Adjustment Loan of April 1992 was worth:Which scheme of October 1991 mobilised over $2 billion from funds held abroad?The LERMS of 1991 set up which exchange rate arrangement?Import entitlements linked to export earnings were called:How many areas reserved for the public sector were opened to private firms?About what share of industries was delicensed in the early reforms?Which environmental change may make existing products obsolete?