Match the money and credit term
Exercise and reference answers
- Matching pairs
- Left
- Collateral
- Right
- Asset pledged against a loan
- Left
- Demand deposits
- Right
- Bank money withdrawable anytime
- Left
- Reserve Bank
- Right
- Issues currency notes in India
- Left
- Self Help Group
- Right
- 15 to 20 members pooling savings
- Left
- Terms of credit
- Right
- Interest, security, repayment rules
- Instructions
- Tap a term on the left, then the meaning that fits it.
Explanation
_Source: syllabus Understanding Economic Development, Ch3 'Money and Credit', pp.39-52_