WebFour terms of credit are- (i) Interest rate- Every loan agreement specifies an interest rate which the borrower must pay to the lender along with the repayment of the principal. (ii) Collateral- It is an asset that the borrower owns such as land, building, vehicle, live stocks deposits with the banks and uses this as a guarantee to a lender until the loan is repaid. … WebStudents from class 10 of recognised schools are eligible. The subjects and study matter are based on the curriculum prescribed by the CBSE board. NSTSE: The National Level Science Talent Search Exam is organised by the Unified Council for students from classes 2 to 12. It is one of the most popular scholarship examinations conducted in India.
Class 10 Economics Chapter 3 Extra Questions and Answers Money and Credit
WebCredit means a loan, an agreement in which the lender (creditor) supplies the borrower with money, goods or services which is to be returned in future. Terms of credit apart from the rate of interest, collateral also includes documentation, mode of repayment. Solve any question of Money and Credit with:- Patterns of problems > WebFour terms of credit are- (i) Interest rate- Every loan agreement specifies an interest rate which the borrower must pay to the lender along with the repayment of the principal. (ii) … rocky mountain broadheads
Notes Of Money And Credit Class 10 (Complete & Detailed)
WebSep 3, 2024 · Money and Credit Class 10 Extra Questions and Answer Economics Chapter 3 Short Answers Type. Question 1. Dhananjay is a government employee and belongs to a rich household whereas Raju is a construction worker and comes from a poor rural household. Both are in need and wish to take loan. Create a list of arguments explaining … WebJan 21, 2024 · About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright ... WebCredit is an agreement between the lender and the borrower in which the borrower promises to pay the lender in the future. 20. Which are the two major sources of formal loan for rural households. (All India 2010) Ans : The two major sources of formal loan for rural households are Banks and Cooperatives. THREE MARKS QUESTIONS 21. rocky mountain brewing company