Money and credit

Money and CreditBarter SystemDouble Coincidence of wants could not be satisfied.Uncertain valuation of Barter goods.Indivisibility of the goods.Introduction of MoneyMoneyMedium of ExchangeModern forms of moneyCurrencyPaper notes and coinsBanksDemand DepositsInterest and ChequesCreditFormalInformalTerms of creditRate of InterestCollateralDocumentationMode of repaymentAn asset given by the borrower while borrowing loans.Types of Money lendersSHG (cooperatives)Encourage the women10-20Solving the problem of collateralHealth and nutrition is taken care.BanksMoney lendersFamily and friendsDiscuss overall development.