Money and Credit
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What is the primary focus of the 10th class NCERT economics chapter on money and credit?

  • The use of money in daily transactions
  • The role of money in the economy and the functioning of banks (correct)
  • The impact of inflation on money and credit
  • The history of money and credit systems

    • What is one of the key functions of a bank in the context of money and credit?

  • Providing loans and credit to individuals and businesses (correct)
  • Collecting taxes on behalf of the government
  • Regulating the value of money in the market
  • Issuing currency notes and coins

    • What is the significance of credit in the economy?

  • It has no impact on the overall economy
  • It enables people to make purchases and investments without having cash in hand (correct)
  • It reduces the need for banks to hold reserves
  • It increases the value of money in circulation

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