Home › CBSE Class 10 › Social Science › c10moneycredit › Cheques against demand deposits allow payment wi…
Cheques against demand deposits allow payment without using:
ACash
BCards
CCoins
DCover
Answer & Solution
Correct answer: A. Cash
1. The payment is settled directly.
2. No notes change hands.
3. It happens without the use of cash.
_Source: NCERT Class 10 Social Science, 'Understanding Economic Development', Ch 3 'Money and Credit'_
Related questions
Banks lend to poor women in SHGs even though they have no:Interest charged by a Self Help Group is compared with that of the:Self Help Groups are formed particularly among rural:A typical Self Help Group has how many members?What share of rich urban households' loans is from informal sources?What share of loans to poor urban households comes from informal sources?Who supervises the credit activities of informal lenders?Who supervises the functioning of formal sources of loans?