Day 20 | Money & Credit: How Banks Work? 🏦 | Class 10 Economics | Barter System to Digital India 💸
Автор: Bhavishya SMS
Загружено: 2026-01-10
Просмотров: 185
Описание:
Day 20/40: Money and Credit | Class 10 Economics Chapter 3 (CBSE 2026) Welcome to Day 19! Today we simplify Money and Credit. We explain why we moved from the Barter System to Currency, how Banks function as mediators, and the difference between Formal and Informal sources of credit. We also dive into the revolutionary concept of Self Help Groups (SHGs). Perfect for students aiming for 90%+ in SST!
📌 What You Will Learn Today:
Money as a Medium of Exchange: The Double Coincidence of Wants and why it failed.
Modern Forms of Money: Currency, Coins, and Demand Deposits (Cheques).
Loan Activities of Banks: How banks earn money (The spread).
Terms of Credit: Interest rates, Collateral, Documentation, and Mode of repayment.
Formal vs. Informal Sector Credit: Why the poor depend on moneylenders and the role of the RBI.
Self Help Groups (SHGs) for the Poor: A new way to empower rural India.
#Class10SST #MoneyAndCredit #EconomicsChapter3 #BoardExam2026 #SST40DayChallenge #Class10Economics #OneShotRevision #SHG #CBSE2026
Perfect for:
CBSE Class 10 Students
MP Board Class 10 Students
Economics Board Exam Preparation
Money and Credit Chapter Understanding
📌 Topics: NCERT Economics, Class 10, Banking System, Digital India, Financial Inclusion, Board Exams
Subscribe for more Class 10 Social Science content in Hindi and English!
#Class10Economics #MoneyAndCredit #NCERT #BoardExam #EducationalContent
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