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7. Money and Banking
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Q1 of 11 Page 87

Fill in the following table with some examples of transactions:

Following are some examples of the transactions –


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2

Can there be any difficulties or disadvantages in keeping money in a bank? Think and write.

3

Suppose you need Rs. 2000. You fill a cheque, and give it to your sister and send her to get the money in cash.

4

In what ways have cheques made exchange of money more convenient?

5

Only a part of the total deposits is kept as cash in the bank-safe. Why is this so and how does this benefit the bank?

Questions · 11
7. Money and Banking
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