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Money And Banking

Question
CBSEENEC12012781
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Distinguish between loan and overdraft.

Solution

Solution not provided.

Tips: -

(i) An overdraft is an advance given by allowing a customer to overdraw his current account up to the agreed limit. (ii) Overdraft is made without security in current account but loans are given against security. (iii) In case of loan, the borrower has to pay interest on full amount sanctioned but in case of overdraft, borrower is given the facility of borrowing only as much as he requires on which he pays interest on the daily balance.

Some More Questions From Money And Banking Chapter

What are the main functions of money? How does money overcome the shortcomings of a barter system?
Or
(a) Define money.
(b)  Describe its functions. What is its main function?
            or
       Briefly explain any two/four functions of money.
            or
        Explain ‘medium of exchange’ function of money.
            or
         Explain the ‘unit of account/measure of value’ function. 
             or
         Explain ‘standard of deferred payment function’ of money.
             or
          Explain the store of value function of money. 
             or
        How has money solved the problems of barter? 
             or
         Describe importance of money in a modern economy.

What is a ‘legal tender’? What is ‘fiat money’?

Distinguish between limited legal tender and unlimited legal tender.

Give functional definition of money.

Give narrow definition and broad definition of money.

Write short notes on the following:
Standard and Token coins.

Write short notes on the following:
Credit money

What is High Powered Money?
or
Write short notes on the following:
High powered money.

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